Y Intercept Hong Kong Ltd Has $8.32 Million Position in Ralph Lauren Corporation $RL

Y Intercept Hong Kong Ltd boosted its position in Ralph Lauren Corporation (NYSE:RL) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,174 shares of the textile maker’s stock after purchasing an additional 2,008 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ralph Lauren were worth $8,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its position in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the period. Invesco Ltd. boosted its position in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after acquiring an additional 275,263 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Ralph Lauren by 40.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after acquiring an additional 255,511 shares in the last quarter. AQR Capital Management LLC increased its position in Ralph Lauren by 38.6% during the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock worth $311,658,000 after acquiring an additional 245,242 shares during the period. Finally, First Trust Advisors LP increased its position in Ralph Lauren by 70.5% during the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after acquiring an additional 242,386 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RL shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays increased their price target on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research report on Thursday, May 21st. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $430.07.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $398.18 on Friday. Ralph Lauren Corporation has a 1 year low of $273.04 and a 1 year high of $421.60. The stock has a market capitalization of $23.70 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.98 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. The company’s 50 day simple moving average is $375.55 and its 200 day simple moving average is $364.98.

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, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $2.27 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts predict that Ralph Lauren Corporation will post 18.33 EPS 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. Shareholders of record on Friday, June 26th will be given a $1.00 dividend. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) 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.