Y Intercept Hong Kong Ltd Purchases 20,590 Shares of Ralph Lauren Corporation $RL

Y Intercept Hong Kong Ltd lifted its position in shares of Ralph Lauren Corporation (NYSE:RL) by 1,306.5% in the fourth quarter, HoldingsChannel reports. The fund owned 22,166 shares of the textile maker’s stock after buying an additional 20,590 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ralph Lauren were worth $7,838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. raised its position in shares of Ralph Lauren by 1,041.9% during the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 1,062 shares of the textile maker’s stock worth $376,000 after acquiring an additional 969 shares during the last quarter. Banco Santander S.A. raised its position in shares of Ralph Lauren by 1.6% during the fourth quarter. Banco Santander S.A. now owns 22,324 shares of the textile maker’s stock worth $7,894,000 after acquiring an additional 344 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Ralph Lauren by 60.4% during the fourth quarter. Wealthspire Advisors LLC now owns 5,038 shares of the textile maker’s stock worth $1,781,000 after acquiring an additional 1,897 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Ralph Lauren by 82.9% during the fourth quarter. Macquarie Group Ltd. now owns 13,585 shares of the textile maker’s stock worth $4,804,000 after acquiring an additional 6,157 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its position in shares of Ralph Lauren by 87.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,741 shares of the textile maker’s stock worth $1,676,000 after acquiring an additional 2,210 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 2.6%

NYSE RL opened at $403.53 on Friday. The stock has a 50-day simple moving average of $365.11 and a 200 day simple moving average of $360.37. The company has a market capitalization of $24.02 billion, a PE ratio of 26.71, a P/E/G ratio of 1.95 and a beta of 1.35. 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 Corporation has a 12 month low of $258.13 and a 12 month high of $405.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates 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%.The firm’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 earnings per share. Research analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s payout ratio is presently 24.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RL. Barclays boosted their target price on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. UBS Group boosted their target price on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a report on Thursday, May 21st. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $428.29.

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.