Anfield Capital Management LLC Takes $1.11 Million Position in Ralph Lauren Corporation (NYSE:RL)

Key Points

• Anfield Capital Management LLC has acquired a new stake in Ralph Lauren Corporation, purchasing 5,031 shares valued at approximately $1.11 million.
• Ralph Lauren reported earnings per share (EPS) of $3.77 for the last quarter, exceeding expectations, with revenue of $1.72 billion, up 13.7% year-over-year.
• The company has authorized a $1.50 billion share repurchase program, indicating management's belief that its shares are undervalued.

Anfield Capital Management LLC purchased a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,031 shares of the textile maker's stock, valued at approximately $1,111,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position 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 purchasing an additional 59 shares during the last quarter. Sentry Investment Management LLC increased its stake in Ralph Lauren by 178.0% in the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after acquiring an additional 89 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ralph Lauren in the first quarter valued at $39,000. Parallel Advisors LLC raised its position in Ralph Lauren by 74.4% during the first quarter. Parallel Advisors LLC now owns 272 shares of the textile maker's stock valued at $60,000 after purchasing an additional 116 shares in the last quarter. Finally, MRP Capital Investments LLC lifted its stake in Ralph Lauren by 175.0% during the first quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock worth $61,000 after purchasing an additional 175 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 0.2%

NYSE RL traded up $0.49 during trading hours on Friday, hitting $290.88. 764,206 shares of the company were exchanged, compared to its average volume of 876,114. The stock has a 50-day moving average price of $283.85 and a 200 day moving average price of $257.64. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 52 week low of $161.43 and a 52 week high of $306.34. The stock has a market cap of $17.55 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.53 and a beta of 1.53.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $2.70 earnings per share. The company's revenue for the quarter was up 13.7% on a year-over-year basis. Analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.3%. This is an increase from Ralph Lauren's previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Friday, June 27th. Ralph Lauren's payout ratio is currently 29.15%.

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

Analyst Ratings Changes

Several equities analysts have recently commented on RL shares. Telsey Advisory Group increased their price objective on Ralph Lauren from $315.00 to $335.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. BMO Capital Markets increased their price objective on Ralph Lauren from $197.00 to $205.00 and gave the company an "underperform" rating in a research report on Friday, May 23rd. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. Wells Fargo & Company increased their price objective on Ralph Lauren from $300.00 to $320.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Bank of America increased their price objective on Ralph Lauren from $318.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $306.41.

Ralph Lauren 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.