Arbejdsmarkedets Tillaegspension Raises Stake in Ralph Lauren Corporation $RL

Arbejdsmarkedets Tillaegspension grew its stake in Ralph Lauren Corporation (NYSE:RL) by 12.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,760 shares of the textile maker’s stock after acquiring an additional 8,339 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Ralph Lauren were worth $25,373,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after acquiring an additional 174 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Ralph Lauren by 0.9% during the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after purchasing an additional 114 shares during the period. Woodline Partners LP increased its position in shares of Ralph Lauren by 39.5% during the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after purchasing an additional 954 shares during the last quarter. Focus Partners Wealth raised its holdings in Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock valued at $841,000 after buying an additional 869 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in Ralph Lauren in the second quarter valued at about $386,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.1%

Shares of NYSE RL opened at $395.36 on Monday. The stock has a market cap of $23.53 billion, a P/E ratio of 26.17, a PEG ratio of 1.96 and a beta of 1.34. The business’s fifty day simple moving average is $377.88 and its 200-day simple moving average is $365.78. Ralph Lauren Corporation has a 12-month low of $273.04 and a 12-month high of $421.60. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping 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%.Ralph Lauren’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 EPS. As a group, 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 announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 26th. Ralph Lauren’s dividend payout ratio is 26.47%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RL. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 target price on shares of Ralph Lauren in a research report on Thursday, May 21st. Barclays upped their price target on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, UBS Group raised their target price on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.07.

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.