Capricorn Fund Managers Ltd Acquires New Holdings in Ralph Lauren Corporation $RL

Key Points

• Capricorn Fund Managers Ltd acquired 31,000 shares of Ralph Lauren Corporation, amounting to about $8.5 million, making it the fund's fifth largest holding.
• Research analysts have recently upgraded Ralph Lauren's stock ratings, with several increasing their price targets, including Telsey Advisory Group raising it from $335 to $350.
• Ralph Lauren declared a quarterly dividend of $0.9125, which will yield approximately 1.1% annually, with a payout ratio of 29.15%.

Capricorn Fund Managers Ltd purchased a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 31,000 shares of the textile maker's stock, valued at approximately $8,503,000. Ralph Lauren accounts for approximately 4.0% of Capricorn Fund Managers Ltd's holdings, making the stock its 5th biggest holding. Capricorn Fund Managers Ltd owned 0.05% of Ralph Lauren at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RL. Sentry Investment Management LLC boosted its holdings 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 valued at $31,000 after buying an additional 89 shares during the period. Banque Transatlantique SA acquired a new position in shares of Ralph Lauren in the first quarter valued at approximately $33,000. Brooklyn Investment Group boosted its holdings in shares of Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after buying an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Ralph Lauren in the first quarter valued at approximately $39,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Ralph Lauren in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RL shares. Telsey Advisory Group upped their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Ralph Lauren in a report on Saturday, September 27th. Zacks Research raised shares of Ralph Lauren to a "strong-buy" rating in a research report on Tuesday, August 12th. Cowen restated a "buy" rating on shares of Ralph Lauren in a report on Tuesday. Finally, Wells Fargo & Company increased their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $320.53.

Ralph Lauren Stock Performance

Shares of RL stock opened at $322.06 on Friday. The stock has a market cap of $19.51 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The company has a fifty day moving average price of $303.22 and a two-hundred day moving average price of $269.79. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $325.81.

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

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.9125 dividend. The ex-dividend date is Friday, September 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corporation (NYSE:RL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.