Ralph Lauren Corporation $RL Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,050,543 shares of the textile maker’s stock after purchasing an additional 54,686 shares during the quarter. Geode Capital Management LLC’s holdings in Ralph Lauren were worth $370,852,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Invesco Ltd. grew its stake in Ralph Lauren by 9.8% during the 3rd quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock valued at $328,848,000 after purchasing an additional 93,753 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake 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 valued at $264,225,000 after purchasing an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Ralph Lauren by 11.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after purchasing an additional 98,511 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Ralph Lauren by 5.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock valued at $207,417,000 after purchasing an additional 36,328 shares in the last quarter. Finally, Boston Partners lifted its holdings in Ralph Lauren by 2.1% during the 3rd quarter. Boston Partners now owns 715,733 shares of the textile maker’s stock worth $224,455,000 after buying an additional 14,953 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.1%

RL opened at $364.14 on Monday. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41. 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 stock has a market cap of $21.67 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.82 and a beta of 1.35. The stock’s 50 day moving average price is $357.54 and its 200 day moving average price is $357.46.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.85 billion. During the same period last year, the firm earned $2.27 EPS. The firm’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 18.22 earnings per share for the current 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 given a $1.00 dividend. The ex-dividend date is 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 24.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RL. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and increased their target price for the stock from $360.00 to $400.00 in a report on Tuesday, March 24th. BTIG Research reaffirmed a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a report on Thursday, May 21st. Fifteen 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $428.29.

Ralph Lauren 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.