Dymon Asia Capital Singapore PTE. LTD. Acquires Shares of 5,408 Ralph Lauren Corporation $RL

Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,408 shares of the textile maker’s stock, valued at approximately $1,912,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RL. Blueline Advisors LLC purchased a new stake in Ralph Lauren in the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren in the second quarter valued at approximately $28,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren in the fourth quarter valued at approximately $29,000. Finally, Rothschild Investment LLC lifted its stake in Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on RL. Barclays boosted their price objective on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. BTIG Research restated a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. UBS Group upped their price target on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $437.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $403.53 on Friday. Ralph Lauren Corporation has a 12 month low of $258.13 and a 12 month high of $405.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The business has a 50 day simple moving average of $365.11 and a 200-day simple moving average of $360.37. The stock has a market capitalization of $24.02 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35.

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. 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 during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio is currently 24.16%.

Ralph Lauren Company 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.