Allegiance Financial Group Advisory Services LLC Buys Shares of 1,472 Ralph Lauren Corporation (NYSE:RL)

Allegiance Financial Group Advisory Services LLC acquired a new position 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. The fund acquired 1,472 shares of the textile maker's stock, valued at approximately $325,000.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Ralph Lauren by 93.7% in the 1st 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 grew its holdings in Ralph Lauren by 178.0% in the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after buying an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after buying an additional 127 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ralph Lauren during the 1st quarter worth $39,000. Finally, Pinpoint Asset Management Ltd lifted its holdings in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock worth $52,000 after buying an additional 225 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group set a $384.00 price objective on shares of Ralph Lauren and gave the company a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group increased their target price on shares of Ralph Lauren from $262.00 to $324.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Bank of America increased 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. Telsey Advisory Group restated an "outperform" rating and set a $315.00 target price on shares of Ralph Lauren in a research report on Wednesday, June 18th. Finally, Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.88.

Ralph Lauren Price Performance

NYSE:RL traded up $3.54 on Friday, hitting $289.80. The company had a trading volume of 506,324 shares, compared to its average volume of 799,471. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.21 and a beta of 1.49. The company has a current ratio of 1.78, a quick ratio of 1.33 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $276.14 and a two-hundred day moving average of $250.65. Ralph Lauren Corporation has a 52 week low of $155.96 and a 52 week high of $295.52.

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

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

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a dividend of $0.9125 per share. This is a boost from Ralph Lauren's previous quarterly dividend of $0.83. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, June 27th. Ralph Lauren's dividend payout ratio (DPR) is currently 31.44%.

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.