1,183 Shares in Ralph Lauren Corporation (NYSE:RL) Acquired by Advisor Resource Council

Advisor Resource Council bought a new stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,183 shares of the textile maker's stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RL. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 during the period. Sentry Investment Management LLC increased its stake in shares of 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 period. EverSource Wealth Advisors LLC lifted its position in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock valued at $47,000 after purchasing an additional 149 shares during the period. Finally, Pinpoint Asset Management Ltd boosted its stake in Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Wall Street Analyst Weigh In

RL has been the subject of a number of research analyst reports. Cfra Research lowered Ralph Lauren from a "hold" rating to a "moderate sell" rating in a report on Tuesday, May 20th. Bank of America boosted their target price on shares of Ralph Lauren from $318.00 to $328.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Citigroup increased their price target on shares of Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company raised their price target on shares of Ralph Lauren from $275.00 to $300.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $292.88.

Ralph Lauren Price Performance

NYSE RL traded up $1.31 during trading on Wednesday, reaching $275.10. 574,444 shares of the company traded hands, compared to its average volume of 818,411. Ralph Lauren Corporation has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 1.96 and a beta of 1.51. The stock's 50 day moving average price is $256.49 and its two-hundred day moving average price is $244.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.33 and a current ratio of 1.78.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, beating the consensus estimate of $2.00 by $0.27. Ralph Lauren had a return on equity of 31.76% and a net margin of 10.49%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $1.71 EPS. Ralph Lauren's quarterly revenue was up 8.3% on a year-over-year basis. As a group, analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.9125 dividend. This is a positive change from Ralph Lauren's previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, June 27th. This represents a $3.65 annualized dividend and a dividend yield of 1.33%. Ralph Lauren's dividend payout ratio is presently 28.42%.

Ralph Lauren declared that its board has approved a share buyback plan on Thursday, May 22nd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the textile maker to purchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Ralph Lauren Company Profile

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.