Dorsey Wright & Associates Increases Position in Ralph Lauren Corporation $RL

Dorsey Wright & Associates grew its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 126.1% in the first quarter, Holdings Channel.com reports. The fund owned 12,013 shares of the textile maker’s stock after purchasing an additional 6,701 shares during the period. Dorsey Wright & Associates’ holdings in Ralph Lauren were worth $4,132,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RL. Blueline Advisors LLC purchased a new position in Ralph Lauren in the 4th quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new position in Ralph Lauren during the third quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren during the second quarter worth $28,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren during the fourth quarter worth $29,000. Finally, MUFG Securities EMEA plc acquired a new stake in Ralph Lauren in the second quarter valued at $32,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Citigroup upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. Bank of America upped their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. UBS Group raised their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Telsey Advisory Group lifted their price objective on Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $430.07.

Ralph Lauren Stock Down 1.9%

Shares of RL opened at $380.64 on Friday. Ralph Lauren Corporation has a fifty-two week low of $273.04 and a fifty-two week high of $421.60. The company’s fifty day moving average is $379.56 and its two-hundred day moving average is $366.31. The firm has a market cap of $22.66 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.93 and a beta of 1.34. 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 released its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping 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 company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business posted $2.27 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $1.00 dividend. The ex-dividend date was Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.1%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is currently 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.