Raymond James Financial Services Advisors Inc. increased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 54.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,251 shares of the textile maker’s stock after buying an additional 1,496 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ralph Lauren Corporation were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in RL. Intellectus Partners LLC increased its position in shares of Ralph Lauren Corporation by 18.2% in the first quarter. Intellectus Partners LLC now owns 1,300 shares of the textile maker’s stock worth $107,000 after buying an additional 200 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Ralph Lauren Corporation by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock worth $139,000 after buying an additional 300 shares in the last quarter. Cantab Capital Partners LLP increased its position in shares of Ralph Lauren Corporation by 466.6% in the fourth quarter. Cantab Capital Partners LLP now owns 2,238 shares of the textile maker’s stock worth $202,000 after buying an additional 1,843 shares in the last quarter. Investment Counselors of Maryland LLC increased its position in shares of Ralph Lauren Corporation by 44.1% in the first quarter. Investment Counselors of Maryland LLC now owns 2,382 shares of the textile maker’s stock worth $194,000 after buying an additional 729 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new position in shares of Ralph Lauren Corporation during the first quarter worth about $230,000. Institutional investors and hedge funds own 58.20% of the company’s stock.

Institutional Ownership by Quarter for Ralph Lauren Corporation (NYSE:RL)

Ralph Lauren Corporation (NYSE:RL) opened at 72.08 on Friday. The stock has a 50 day moving average price of $73.19 and a 200 day moving average price of $82.66. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The firm’s market cap is $5.84 billion.

Ralph Lauren Corporation (NYSE:RL) last announced its earnings results on Thursday, May 18th. The textile maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.11. Ralph Lauren Corporation had a negative net margin of 1.49% and a positive return on equity of 13.57%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. Equities research analysts expect that Ralph Lauren Corporation will post $4.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.77%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is -163.93%.

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A number of research analysts have recently issued reports on the company. BidaskClub upgraded Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company restated an “outperform” rating and set a $75.00 target price on shares of Ralph Lauren Corporation in a research note on Monday, June 12th. ValuEngine downgraded Ralph Lauren Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Piper Jaffray Companies set a $66.00 target price on Ralph Lauren Corporation and gave the stock a “sell” rating in a research note on Friday, May 19th. Finally, Tigress Financial started coverage on Ralph Lauren Corporation in a research note on Thursday, May 25th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $90.37.

About Ralph Lauren Corporation

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

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