BW Gestao de Investimentos Ltda. Purchases New Stake in Ralph Lauren Corporation $RL

BW Gestao de Investimentos Ltda. purchased a new stake in Ralph Lauren Corporation (NYSE:RL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,816 shares of the textile maker’s stock, valued at approximately $4,178,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after acquiring an additional 174 shares during the last quarter. Empowered Funds LLC increased its stake in Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after acquiring an additional 114 shares during the last quarter. Woodline Partners LP increased its stake in Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after acquiring an additional 954 shares during the last quarter. Focus Partners Wealth increased its stake in Ralph Lauren by 29.5% during the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Ralph Lauren during the second quarter worth $386,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RL shares. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research note on Thursday, May 21st. Barclays raised their target price on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Wells Fargo & Company raised their target price on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Finally, Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Trading Down 0.7%

RL opened at $363.84 on Wednesday. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $393.41. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.82 and a beta of 1.35. 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 business has a fifty day moving average price of $358.08 and a 200 day moving average price of $357.69.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $2.27 EPS. Ralph Lauren’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts expect that Ralph Lauren Corporation will post 18.29 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $1.00 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.16%.

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.