WINTON GROUP Ltd Buys 4,928 Shares of Ralph Lauren Corporation $RL

WINTON GROUP Ltd increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 112.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,329 shares of the textile maker’s stock after acquiring an additional 4,928 shares during the quarter. WINTON GROUP Ltd’s holdings in Ralph Lauren were worth $3,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blueline Advisors LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at $27,000. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren in the third quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the second quarter valued at $28,000. Aventura Private Wealth LLC bought a new position in shares of Ralph Lauren in the fourth quarter valued at $29,000. Finally, Rothschild Investment LLC lifted its stake in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on RL. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. UBS Group increased their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Citigroup upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and increased their target price for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Ralph Lauren in a report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Stock Performance

NYSE RL opened at $366.58 on Monday. Ralph Lauren Corporation has a 52-week low of $258.13 and a 52-week high of $393.41. The company has a 50-day simple moving average of $360.03 and a 200 day simple moving average of $358.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The company has a market capitalization of $21.82 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $2.27 earnings per share. On average, research analysts predict that Ralph Lauren Corporation will post 18.29 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is 24.16%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.