Sei Investments Co. Buys 38,183 Shares of Ralph Lauren Corporation $RL

Sei Investments Co. increased its position in Ralph Lauren Corporation (NYSE:RL) by 44.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 124,887 shares of the textile maker’s stock after purchasing an additional 38,183 shares during the quarter. Sei Investments Co.’s holdings in Ralph Lauren were worth $42,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in Ralph Lauren in the fourth quarter worth approximately $27,000. JPL Wealth Management LLC bought a new stake in shares of Ralph Lauren during the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Ralph Lauren during the fourth quarter valued at approximately $35,000. Elevated Capital Advisors LLC acquired a new position in shares of Ralph Lauren during the fourth quarter worth approximately $35,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Ralph Lauren in the 2nd quarter worth $28,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Stock Down 0.2%

Shares of NYSE:RL opened at $372.97 on Monday. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.85 and a beta of 1.34. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12-month low of $273.04 and a 12-month high of $421.60. The business’s 50 day moving average is $383.95 and its 200 day moving average is $367.11.

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 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 return on equity of 38.17% and a net margin of 11.60%.Ralph Lauren’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.27 earnings per share. On average, sell-side 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 was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.47%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RL. Telsey Advisory Group lifted their price target on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Barclays upped their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Bank of America raised their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $430.79.

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.