Ralph Lauren Corporation $RL Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lessened its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 31.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,233 shares of the textile maker’s stock after selling 5,614 shares during the period. Polymer Capital Management HK LTD’s holdings in Ralph Lauren were worth $4,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RL. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth about $27,000. Blueline Advisors LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren during the 2nd quarter worth about $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter worth about $29,000. Finally, Rothschild Investment LLC raised its position in shares of Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and raised their target price for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. UBS Group lifted their price target on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Bank of America lifted their price target on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, BTIG Research reaffirmed a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Trading Up 2.6%

RL opened at $403.53 on Friday. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. Ralph Lauren Corporation has a 52 week low of $258.13 and a 52 week high of $405.49. The business’s 50 day moving average is $365.11 and its two-hundred day moving average is $360.37. 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 (NYSE:RL) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. On average, research analysts predict that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The business 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. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is 24.16%.

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.