Dymon Asia Capital Singapore PTE. LTD. Buys Shares of 5,408 Ralph Lauren Corporation $RL

Dymon Asia Capital Singapore PTE. LTD. bought a new stake in Ralph Lauren Corporation (NYSE:RL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 5,408 shares of the textile maker’s stock, valued at approximately $1,912,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp boosted its stake in shares of Ralph Lauren by 6,216.7% in the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock valued at $25,933,000 after buying an additional 72,176 shares during the period. Vest Financial LLC boosted its stake in shares of Ralph Lauren by 177.9% in the 4th quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock valued at $19,343,000 after buying an additional 35,016 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Ralph Lauren by 28.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock valued at $14,741,000 after buying an additional 9,133 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Ralph Lauren by 106.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 63,180 shares of the textile maker’s stock valued at $22,552,000 after buying an additional 32,622 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Ralph Lauren by 160.0% in the 3rd quarter. Citigroup Inc. now owns 88,617 shares of the textile maker’s stock valued at $27,787,000 after buying an additional 54,533 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $403.53 on Friday. The business has a 50 day moving average price of $365.11 and a 200 day moving average price of $360.37. The stock has a market cap of $24.02 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.00 and a beta of 1.35. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $405.49. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last posted 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 firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 earnings per share. Equities research analysts anticipate that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $1.00 per share. The ex-dividend date is 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 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.16%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RL. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a research note on Thursday, May 21st. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Finally, UBS Group lifted their price objective on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $428.29.

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.