1,004 Shares in Ralph Lauren Corporation $RL Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd acquired 1,004 shares of Ralph Lauren Corporation, valued at approximately $275,000, during the second quarter.
• Analysts have raised target prices for Ralph Lauren stock, with Jefferies Financial Group setting a target of $365.00 and JPMorgan Chase & Co. increasing their target to $406.00.
• Ralph Lauren announced a quarterly dividend of $0.9125 per share, scheduled for payment on October 10th, yielding an annualized rate of 1.2%.

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,004 shares of the textile maker's stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB increased its position in shares of Ralph Lauren by 93.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in Ralph Lauren by 178.0% in the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock worth $31,000 after purchasing an additional 89 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of Ralph Lauren during the 1st quarter worth $33,000. Brooklyn Investment Group boosted its stake in shares of Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock worth $38,000 after acquiring an additional 110 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ralph Lauren during the 1st quarter worth $39,000. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of Ralph Lauren from $325.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Barclays reduced their target price on shares of Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Zacks Research raised shares of Ralph Lauren to a "strong-buy" rating in a research note on Tuesday, August 12th. Wells Fargo & Company boosted their target price on Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $355.00 to $406.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $311.41.

Ralph Lauren Stock Down 1.5%

NYSE:RL opened at $307.67 on Tuesday. The firm has a market capitalization of $18.64 billion, a P/E ratio of 24.57, a PEG ratio of 1.58 and a beta of 1.60. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $321.77. The company's fifty day moving average price is $299.04 and its 200-day moving average price is $264.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm's revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $2.70 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren's payout ratio is currently 29.15%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.

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