WINTON GROUP Ltd Boosts Holdings in Ralph Lauren Corporation $RL

WINTON GROUP Ltd grew its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 112.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,329 shares of the textile maker’s stock after acquiring an additional 4,928 shares during the quarter. WINTON GROUP Ltd’s holdings in Ralph Lauren were worth $3,299,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in shares of Ralph Lauren by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 265,601 shares of the textile maker’s stock valued at $83,282,000 after acquiring an additional 18,355 shares during the last quarter. ING Groep NV raised its holdings in Ralph Lauren by 33.1% during the 3rd quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock valued at $8,020,000 after buying an additional 6,354 shares during the period. M&T Bank Corp raised its holdings in Ralph Lauren by 6,216.7% during the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock valued at $25,933,000 after buying an additional 72,176 shares during the period. Vest Financial LLC raised its holdings in Ralph Lauren by 177.9% during the 4th quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock valued at $19,343,000 after buying an additional 35,016 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Ralph Lauren by 28.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock valued at $14,741,000 after buying an additional 9,133 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

RL opened at $366.58 on Monday. Ralph Lauren Corporation has a 12-month low of $258.13 and a 12-month high of $393.41. 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 business’s fifty day simple moving average is $360.03 and its 200-day simple moving average is $358.59. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.82 and a beta of 1.35.

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, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ralph Lauren Corporation will post 18.29 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $1.00 dividend. 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 is Friday, June 26th. Ralph Lauren’s dividend payout ratio is 24.16%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Bank of America increased their price target on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. UBS Group increased their price target on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $437.00 price target on shares of Ralph Lauren in a report on Friday, May 22nd. 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 company presently has an average rating of “Moderate Buy” and an average target price of $428.29.

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.