1,344 Shares in Ralph Lauren Corporation $RL Purchased by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,344 shares of the textile maker’s stock, valued at approximately $462,000.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of 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 buying an additional 275,263 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ralph Lauren by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after buying an additional 54,686 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of 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 buying an additional 952,681 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Ralph Lauren by 11.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after acquiring an additional 98,511 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Ralph Lauren by 40.0% in the 4th 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 during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.0%

Shares of RL opened at $398.18 on Monday. Ralph Lauren Corporation has a 52-week low of $273.04 and a 52-week high of $421.60. The stock has a market cap of $23.70 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.34. The firm’s fifty day moving average is $375.55 and its two-hundred day moving average is $364.93. 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 (NYSE:RL) last issued its 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. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 earnings per share. Research analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $1.00 dividend. 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 1.0%. Ralph Lauren’s dividend payout ratio is 26.47%.

Analysts Set New Price Targets

A number of research firms have weighed in on RL. UBS Group upped their price objective 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. Telsey Advisory Group lifted their target price on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a research note on Thursday, May 21st. Finally, Bank of America lifted their price objective on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $430.07.

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.