Independent Financial Group LLC Buys Shares of 4,273 Ralph Lauren Corporation $RL

Independent Financial Group LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,273 shares of the textile maker’s stock, valued at approximately $1,470,000.

A number of other large investors have also modified their holdings of RL. Oregon Public Employees Retirement Fund lifted its position in Ralph Lauren by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock valued at $1,565,000 after purchasing an additional 31 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Ralph Lauren by 14.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock worth $90,000 after purchasing an additional 31 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Ralph Lauren by 23.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 34 shares during the period. Polymer Capital Management US LLC increased its stake in shares of Ralph Lauren by 1.1% in the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after purchasing an additional 34 shares during the period. Finally, Vident Advisory LLC raised its holdings in shares of Ralph Lauren by 3.0% during the fourth quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock valued at $445,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

RL has been the subject of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $450.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $437.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Barclays lifted their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Telsey Advisory Group increased their target price on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research note on Thursday, May 21st. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $430.07.

Ralph Lauren Stock Performance

Shares of RL opened at $380.64 on Monday. Ralph Lauren Corporation has a one year low of $273.04 and a one year high of $421.60. The company has a 50-day moving average of $379.56 and a two-hundred day moving average of $366.38. The stock has a market cap of $22.66 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $2.27 earnings per share. On average, equities research analysts expect that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s payout ratio is presently 26.47%.

About Ralph Lauren

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.