Ralph Lauren Corporation $RL Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP lifted its stake in Ralph Lauren Corporation (NYSE:RL) by 90.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,858 shares of the textile maker’s stock after purchasing an additional 2,308 shares during the period. Aigen Investment Management LP’s holdings in Ralph Lauren were worth $1,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings 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 valued at $370,852,000 after purchasing an additional 54,686 shares during the last quarter. Invesco Ltd. increased its stake in Ralph Lauren by 9.8% during the third quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock worth $328,848,000 after acquiring an additional 93,753 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after acquiring an additional 952,681 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Ralph Lauren by 11.7% during the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after acquiring an additional 98,511 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after acquiring an additional 255,511 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Up 2.6%

Shares of NYSE RL opened at $403.53 on Friday. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The business has a 50-day moving average of $365.11 and a two-hundred day moving average of $360.37. Ralph Lauren Corporation has a 1 year low of $258.13 and a 1 year high of $405.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.85 billion. During the same period in the previous year, the business earned $2.27 EPS. Ralph Lauren’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. Ralph Lauren’s payout ratio is presently 24.16%.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent analyst reports. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a research note on Friday, May 22nd. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a research note on Thursday, May 21st. Bank of America raised their target price on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, UBS Group raised their target price on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $428.29.

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.