Ralph Lauren Corporation $RL Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC increased its position in Ralph Lauren Corporation (NYSE:RL) by 41.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,657 shares of the textile maker’s stock after acquiring an additional 1,935 shares during the period. Krilogy Financial LLC’s holdings in Ralph Lauren were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new position in shares of Ralph Lauren in the fourth quarter valued at about $27,000. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren during the third quarter worth about $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, MUFG Securities EMEA plc acquired a new position in Ralph Lauren in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Up 1.7%

Ralph Lauren stock opened at $413.95 on Thursday. The firm has a market cap of $24.64 billion, a PE ratio of 27.40, a P/E/G ratio of 2.02 and a beta of 1.35. Ralph Lauren Corporation has a 12 month low of $266.20 and a 12 month high of $421.60. The stock’s 50 day simple moving average is $372.27 and its two-hundred day simple moving average is $363.05. 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 (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business posted $2.27 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts anticipate that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

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

Analyst Ratings Changes

Several brokerages have commented on RL. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. BTIG Research reiterated a “buy” rating and issued a $450.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Wall Street Zen cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Telsey Advisory Group boosted their target price on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.07.

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.