13,280 Shares in Ralph Lauren Corporation $RL Acquired by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd bought a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the first quarter, HoldingsChannel reports. The fund bought 13,280 shares of the textile maker’s stock, valued at approximately $4,568,000.

Several other large investors have also recently bought and sold shares of the business. Orion Porfolio Solutions LLC boosted its holdings in shares of Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Invesco Ltd. lifted its position in Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after acquiring an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Ralph Lauren by 40.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after acquiring an additional 255,511 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ralph Lauren by 38.6% in the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after purchasing an additional 245,242 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Ralph Lauren by 70.5% in the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock valued at $207,295,000 after purchasing an additional 242,386 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Telsey Advisory Group raised their price target on Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a research note on Thursday, May 21st. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price objective for the company from $360.00 to $400.00 in a report on Tuesday, March 24th. BTIG Research restated a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Finally, Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.07.

Ralph Lauren Stock Up 1.0%

RL opened at $401.52 on Wednesday. The business has a 50 day moving average price of $374.71 and a two-hundred day moving average price of $364.33. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The company has a market cap of $23.90 billion, a PE ratio of 26.57, a P/E/G ratio of 1.97 and a beta of 1.35. Ralph Lauren Corporation has a 52 week low of $266.20 and a 52 week high of $421.60.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 38.17% and a net margin of 11.60%.The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. As a group, research analysts anticipate that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $1.00 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio is 26.47%.

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.