Graham Capital Management L.P. Has $6.43 Million Stock Holdings in Ralph Lauren Corporation $RL

Graham Capital Management L.P. raised its stake in Ralph Lauren Corporation (NYSE:RL) by 658.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,178 shares of the textile maker’s stock after buying an additional 15,782 shares during the quarter. Graham Capital Management L.P.’s holdings in Ralph Lauren were worth $6,428,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Ralph Lauren by 5.5% in 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 during the period. Invesco Ltd. increased its stake in Ralph Lauren by 9.8% in the 3rd quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock valued at $328,848,000 after buying an additional 93,753 shares during the period. Orion Porfolio Solutions LLC grew its position in Ralph Lauren by 8,937.8% in 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 in the last quarter. Qube Research & Technologies Ltd grew its position in Ralph Lauren by 11.7% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Ralph Lauren by 40.0% in 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 in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

NYSE RL opened at $406.95 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $367.58 and a 200 day simple moving average of $361.04. The company has a market cap of $24.22 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.05 and a beta of 1.35. Ralph Lauren Corporation has a 1 year low of $259.30 and a 1 year high of $421.60.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.28. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. Ralph Lauren’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. On average, sell-side analysts predict that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

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

Wall Street Analysts Forecast Growth

RL has been the subject of several recent research reports. UBS Group boosted their target price 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. BTIG Research reissued a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. Weiss Ratings downgraded shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company boosted their target price 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. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $428.29.

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.