Ralph Lauren Corporation $RL Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Ralph Lauren Corporation (NYSE:RL) by 1.2% during the first quarter, HoldingsChannel reports. The firm owned 423,283 shares of the textile maker’s stock after purchasing an additional 5,107 shares during the period. Dimensional Fund Advisors LP’s holdings in Ralph Lauren were worth $145,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp grew its holdings in Ralph Lauren by 6,216.7% in the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock valued at $25,933,000 after buying an additional 72,176 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Ralph Lauren by 28.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock valued at $14,741,000 after acquiring an additional 9,133 shares during the last quarter. Vest Financial LLC increased its holdings in Ralph Lauren by 177.9% in the 4th quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock valued at $19,343,000 after purchasing an additional 35,016 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Ralph Lauren by 106.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 63,180 shares of the textile maker’s stock valued at $22,552,000 after buying an additional 32,622 shares in the last quarter. Finally, Truist Financial Corp grew its position in Ralph Lauren by 8.1% in the 4th quarter. Truist Financial Corp now owns 371,086 shares of the textile maker’s stock valued at $131,220,000 after acquiring an additional 27,848 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BTIG Research reissued a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Bank of America upped their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Finally, Barclays boosted their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating 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. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $430.79.

Ralph Lauren Stock Performance

Shares of RL stock opened at $372.97 on Monday. The stock’s 50-day moving average is $383.95 and its two-hundred day moving average is $367.11. The firm has a market cap of $22.20 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.85 and a beta of 1.34. 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 Corporation has a 1 year low of $273.04 and a 1 year high of $421.60.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share 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 quarter in the previous year, the business earned $2.27 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is presently 26.47%.

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.