Inceptionr LLC Purchases Shares of 4,015 Ralph Lauren Corporation $RL

Inceptionr LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 4,015 shares of the textile maker’s stock, valued at approximately $1,381,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Global Investments increased its position in Ralph Lauren by 2.0% during the first quarter. Summit Global Investments now owns 1,510 shares of the textile maker’s stock worth $519,000 after purchasing an additional 29 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Ralph Lauren by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock valued at $1,565,000 after purchasing an additional 31 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Ralph Lauren by 14.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock valued at $90,000 after acquiring an additional 31 shares during the last quarter. Polymer Capital Management US LLC boosted its position in shares of Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after purchasing an additional 34 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Ralph Lauren by 3.0% during the fourth quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock worth $445,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Down 4.1%

Shares of RL opened at $371.28 on Friday. Ralph Lauren Corporation has a twelve month low of $273.04 and a twelve month high of $421.60. 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 firm has a market capitalization of $22.10 billion, a P/E ratio of 24.57, a PEG ratio of 1.92 and a beta of 1.34. The firm’s 50-day moving average is $383.02 and its two-hundred day moving average is $367.00.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The company 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%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. On average, research analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a dividend of $1.00 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 26th. Ralph Lauren’s payout ratio is presently 26.47%.

Analyst Upgrades and Downgrades

Several analysts have commented on RL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. 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 research report on Thursday, April 16th. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $430.79.

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.