Arrowpoint Investment Partners Singapore Pte. Ltd. Buys Shares of 8,796 Ralph Lauren Corporation $RL

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,796 shares of the textile maker’s stock, valued at approximately $3,110,000. Ralph Lauren comprises approximately 0.5% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Ralph Lauren by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock worth $370,852,000 after purchasing an additional 54,686 shares during the period. Invesco Ltd. boosted its position in shares of Ralph Lauren by 9.8% in the third quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock worth $328,848,000 after purchasing an additional 93,753 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Ralph Lauren by 11.7% in the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after purchasing an additional 98,511 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position 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 worth $316,487,000 after purchasing an additional 255,511 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price target for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. UBS Group upped their price target on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $437.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $366.47 on Friday. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.79 and a beta of 1.35. The firm’s fifty day moving average is $359.62 and its 200 day moving average is $358.30. 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 Corporation has a 52-week low of $258.13 and a 52-week high of $393.41.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. Ralph Lauren’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Sell-side analysts forecast that Ralph Lauren Corporation will post 18.29 EPS 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. Investors of record on Friday, June 26th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s payout ratio is currently 24.16%.

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.