Cynosure Group LLC Purchases New Shares in Ralph Lauren Corporation $RL

Cynosure Group LLC purchased a new stake in Ralph Lauren Corporation (NYSE:RL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,374 shares of the textile maker’s stock, valued at approximately $486,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blueline Advisors LLC acquired a new position in shares of Ralph Lauren in the fourth quarter valued at about $27,000. Aventura Private Wealth LLC acquired a new position in shares of Ralph Lauren in the fourth quarter valued at about $29,000. JPL Wealth Management LLC acquired a new stake in Ralph Lauren during the third quarter worth approximately $27,000. Rothschild Investment LLC grew its position in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after buying an additional 38 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Ralph Lauren during the fourth quarter worth approximately $35,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RL has been the topic of a number of analyst reports. Bank of America increased their price target on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a research report on Thursday, May 21st. Wells Fargo & Company increased their price target on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Barclays increased their price target on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, UBS Group increased their price target on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Trading Down 1.3%

Shares of RL stock opened at $406.95 on Wednesday. The stock’s fifty day moving average price is $367.58 and its two-hundred day moving average price is $361.04. The company has a market cap of $24.22 billion, a PE ratio of 26.93, a P/E/G ratio of 2.05 and a beta of 1.35. Ralph Lauren Corporation has a fifty-two week low of $259.30 and a fifty-two week high of $421.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company earned $2.27 EPS. Ralph Lauren’s revenue was up 16.6% compared to the same quarter last year. Equities analysts predict that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio is currently 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.