Meeder Asset Management Inc. Grows Stake in Ralph Lauren Corporation $RL

Meeder Asset Management Inc. boosted its position in shares of Ralph Lauren Corporation (NYSE:RL) by 73.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 35,025 shares of the textile maker’s stock after purchasing an additional 14,788 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ralph Lauren were worth $12,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RL. Blueline Advisors LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren in the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren in the 2nd quarter worth approximately $28,000. Aventura Private Wealth LLC bought a new position in Ralph Lauren in the 4th quarter valued at approximately $29,000. Finally, MUFG Securities EMEA plc bought a new position in Ralph Lauren in the 2nd quarter valued at approximately $32,000. 67.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on RL. Bank of America lifted their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Telsey Advisory Group upped their price target on Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. UBS Group increased their price objective on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Barclays increased their price objective on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Finally, Zacks Research lowered Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $430.07.

Ralph Lauren Trading Up 0.1%

Shares of RL stock opened at $380.64 on Monday. 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 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. Ralph Lauren Corporation has a 1 year low of $273.04 and a 1 year high of $421.60. The firm has a fifty day moving average price of $379.56 and a 200-day moving average price of $366.38.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.28. The company 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 firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 EPS. As a group, equities analysts predict 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. Shareholders of record on Friday, June 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio is presently 26.47%.

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.