Ralph Lauren Corporation (NYSE:RL) Position Increased by Dupont Capital Management Corp

Dupont Capital Management Corp increased its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,591 shares of the textile maker's stock after acquiring an additional 1,470 shares during the period. Dupont Capital Management Corp's holdings in Ralph Lauren were worth $4,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. increased its position in Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock worth $231,000 after buying an additional 62 shares during the last quarter. Vontobel Holding Ltd. increased its position in Ralph Lauren by 83.0% during the fourth quarter. Vontobel Holding Ltd. now owns 2,132 shares of the textile maker's stock worth $492,000 after buying an additional 967 shares during the last quarter. Principal Securities Inc. grew its position in shares of Ralph Lauren by 15.7% in the fourth quarter. Principal Securities Inc. now owns 2,578 shares of the textile maker's stock valued at $595,000 after purchasing an additional 350 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Ralph Lauren by 54.1% in the fourth quarter. Principal Financial Group Inc. now owns 100,164 shares of the textile maker's stock valued at $23,136,000 after purchasing an additional 35,165 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Ralph Lauren by 7.1% in the fourth quarter. Sanctuary Advisors LLC now owns 4,557 shares of the textile maker's stock valued at $1,053,000 after purchasing an additional 301 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Down 1.5%

Shares of RL opened at $263.78 on Friday. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.92 and a beta of 1.51. 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 Corporation has a 12 month low of $155.96 and a 12 month high of $289.33. The company has a 50-day moving average price of $252.24 and a two-hundred day moving average price of $243.35.

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

Ralph Lauren declared that its board has initiated a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the textile maker to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.9125 per share. 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. This represents a $3.65 dividend on an annualized basis and a yield of 1.38%. Ralph Lauren's dividend payout ratio (DPR) is currently 31.44%.

Analyst Ratings Changes

RL has been the topic of several research analyst reports. BMO Capital Markets raised their price target on Ralph Lauren from $197.00 to $205.00 and gave the company an "underperform" rating in a research report on Friday, May 23rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $315.00 price target on shares of Ralph Lauren in a research report on Wednesday. Jefferies Financial Group raised their price target on Ralph Lauren from $250.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. Finally, Bank of America raised their price target 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, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $292.88.

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.

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