2,150 Shares in Ralph Lauren Corporation $RL Acquired by Towarzystwo Funduszy Inwestycyjnych PZU SA

Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Ralph Lauren Corporation (NYSE:RL) in the 4th quarter, Holdings Channel reports. The fund bought 2,150 shares of the textile maker’s stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. Blueline Advisors LLC purchased a new stake in Ralph Lauren in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren during the second quarter worth about $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter worth about $29,000. Finally, Rothschild Investment LLC raised its stake in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Down 0.1%

Shares of RL opened at $403.53 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. Ralph Lauren Corporation has a 1 year low of $258.13 and a 1 year high of $405.49. The company has a 50 day simple moving average of $365.11 and a two-hundred day simple moving average of $360.45. The firm has a market cap of $24.02 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm posted $2.27 EPS. The company’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect 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. The ex-dividend date is Friday, June 26th. 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. Ralph Lauren’s dividend payout ratio is currently 24.16%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America boosted their price target on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. BTIG Research reaffirmed a “buy” rating and set a $450.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Ralph Lauren in a report on Thursday, May 21st. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently 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.