3,630 Shares in Ralph Lauren Corporation (NYSE:RL) Bought by Calamos Advisors LLC

Calamos Advisors LLC bought a new position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,630 shares of the textile maker's stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Checchi Capital Advisers LLC raised its stake in Ralph Lauren by 8.7% in the first quarter. Checchi Capital Advisers LLC now owns 1,400 shares of the textile maker's stock valued at $309,000 after buying an additional 112 shares during the period. Aaron Wealth Advisors LLC raised its stake in Ralph Lauren by 13.1% in the first quarter. Aaron Wealth Advisors LLC now owns 1,136 shares of the textile maker's stock valued at $251,000 after buying an additional 132 shares during the period. Vontobel Holding Ltd. raised its stake in Ralph Lauren by 265.7% in the first quarter. Vontobel Holding Ltd. now owns 7,797 shares of the textile maker's stock valued at $1,721,000 after buying an additional 5,665 shares during the period. Mather Group LLC. raised its stake in Ralph Lauren by 22.3% in the first quarter. Mather Group LLC. now owns 1,446 shares of the textile maker's stock valued at $319,000 after buying an additional 264 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Ralph Lauren by 56.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,470 shares of the textile maker's stock valued at $545,000 after buying an additional 888 shares during the period. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RL shares. Barclays upped their target price on Ralph Lauren from $260.00 to $321.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Cfra Research downgraded Ralph Lauren from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $315.00 target price on shares of Ralph Lauren in a research report on Wednesday, June 18th. Citigroup upped their target price on Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company upped their target price on Ralph Lauren from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $292.88.

Ralph Lauren Price Performance

Shares of RL stock traded down $0.35 during trading hours on Thursday, reaching $290.21. The company's stock had a trading volume of 616,707 shares, compared to its average volume of 809,730. The firm's 50 day simple moving average is $269.32 and its 200-day simple moving average is $247.79. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.17 and a beta of 1.49. Ralph Lauren Corporation has a fifty-two week low of $155.96 and a fifty-two week high of $295.50. The company has a quick ratio of 1.33, a current ratio of 1.78 and a debt-to-equity ratio of 0.38.

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

Ralph Lauren declared that its Board of Directors has approved a share buyback plan on Thursday, May 22nd that permits the company to repurchase $1.50 billion in 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 often a sign that the company's board believes its shares are undervalued.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Ralph Lauren's previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, June 27th. Ralph Lauren's dividend payout ratio is presently 31.44%.

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.