DJE Kapital AG Acquires New Position in Ralph Lauren Corporation $RL

DJE Kapital AG acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the fourth quarter, Holdings Channel.com reports. The fund acquired 6,300 shares of the textile maker’s stock, valued at approximately $2,243,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RL. Barclays boosted their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” 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. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating 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, Bank of America upped their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Fifteen investment 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 stock has a consensus rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Price Performance

NYSE:RL opened at $395.03 on Friday. The stock has a market cap of $23.51 billion, a P/E ratio of 26.14, a PEG ratio of 1.87 and a beta of 1.35. Ralph Lauren Corporation has a one year low of $258.13 and a one year high of $395.16. The company has a fifty day moving average price of $364.11 and a 200 day moving average price of $360.07. 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 (NYSE:RL) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Analysts anticipate that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

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

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.