Jackson Creek Investment Advisors LLC Buys Shares of 3,493 Ralph Lauren Corporation (NYSE:RL)

Jackson Creek Investment Advisors LLC acquired a new position in Ralph Lauren Corporation (NYSE:RL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,493 shares of the textile maker's stock, valued at approximately $771,000.

Several other large investors have also added to or reduced their stakes in RL. HighTower Advisors LLC grew its position in Ralph Lauren by 13.0% during the fourth quarter. HighTower Advisors LLC now owns 2,817 shares of the textile maker's stock worth $651,000 after buying an additional 325 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 worth $32,000 after purchasing an additional 127 shares during the period. Commonwealth Equity Services LLC lifted its stake in Ralph Lauren by 12.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,557 shares of the textile maker's stock worth $360,000 after purchasing an additional 175 shares during the last quarter. Natixis Advisors LLC boosted its position in Ralph Lauren by 78.7% during the fourth quarter. Natixis Advisors LLC now owns 23,845 shares of the textile maker's stock valued at $5,508,000 after buying an additional 10,502 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Ralph Lauren during the fourth quarter valued at about $914,000. Institutional investors own 67.91% of the company's stock.

Analysts Set New Price Targets

RL has been the topic of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $310.00 price target on shares of Ralph Lauren in a research report on Friday, May 23rd. Citigroup raised their price target on shares of Ralph Lauren from $250.00 to $295.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Bank of America upped their price objective on shares of Ralph Lauren from $318.00 to $328.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen cut Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group boosted their price target on Ralph Lauren from $262.00 to $324.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $292.88.

Ralph Lauren Price Performance

Shares of RL opened at $289.80 on Friday. The firm's 50-day simple moving average is $276.14 and its two-hundred day simple moving average is $250.52. Ralph Lauren Corporation has a fifty-two week low of $155.96 and a fifty-two week high of $295.52. The stock has a market cap of $17.48 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.33 and a current ratio of 1.78.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $1.71 EPS. Ralph Lauren's quarterly revenue was up 8.3% compared to the same quarter last year. Analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Ralph Lauren Increases Dividend

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

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