Envestnet Asset Management Inc. Has $52.42 Million Holdings in Ralph Lauren Corporation (NYSE:RL)

Envestnet Asset Management Inc. boosted its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,479 shares of the textile maker's stock after purchasing an additional 17,732 shares during the quarter. Envestnet Asset Management Inc. owned 0.38% of Ralph Lauren worth $52,421,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RL. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock worth $27,000 after buying an additional 59 shares during the period. Sentry Investment Management LLC lifted its holdings in Ralph Lauren by 178.0% during the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Ralph Lauren by 1,270.0% in the fourth 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. Jones Financial Companies Lllp grew its stake in Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after buying an additional 149 shares during the last quarter. Finally, Pinpoint Asset Management Ltd increased 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 owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on RL. BMO Capital Markets increased their price objective on shares of Ralph Lauren from $197.00 to $205.00 and gave the stock an "underperform" rating in a report on Friday, May 23rd. UBS Group set a $384.00 price objective on shares of Ralph Lauren and gave the company a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen cut shares of Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Telsey Advisory Group restated an "outperform" rating and issued a $315.00 price target on shares of Ralph Lauren in a research report on Wednesday, June 18th. Finally, Cowen reiterated a "buy" rating on shares of Ralph Lauren in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $292.88.

Ralph Lauren Stock Performance

NYSE:RL traded down $1.42 during mid-day trading on Wednesday, hitting $284.63. 606,275 shares of the stock were exchanged, compared to its average volume of 803,812. Ralph Lauren Corporation has a fifty-two week low of $155.96 and a fifty-two week high of $295.52. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.33 and a current ratio of 1.78. The stock has a market capitalization of $17.17 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.20 and a beta of 1.49. The firm's 50-day simple moving average is $273.73 and its 200 day simple moving average is $249.49.

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

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

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, June 27th. This is a positive change from Ralph Lauren's previous quarterly dividend of $0.83. Ralph Lauren's payout ratio is 31.44%.

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.