Ralph Lauren Corporation (NYSE:RL) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. lifted its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 6.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,395 shares of the textile maker's stock after purchasing an additional 2,181 shares during the quarter. Alps Advisors Inc. owned about 0.06% of Ralph Lauren worth $8,034,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its position in 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 acquiring an additional 59 shares during the period. Sentry Investment Management LLC grew its holdings in Ralph Lauren by 178.0% during the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock worth $31,000 after acquiring an additional 89 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 127 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares during the period. Finally, Pinpoint Asset Management Ltd lifted its stake in shares of Ralph Lauren by 22,500.0% in the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Trading Down 1.0%

Shares of RL stock traded down $2.87 on Friday, hitting $287.00. 526,485 shares of the stock traded hands, compared to its average volume of 808,037. Ralph Lauren Corporation has a twelve month low of $155.96 and a twelve month high of $295.52. The stock has a market capitalization of $17.31 billion, a PE ratio of 24.72, a PEG ratio of 2.21 and a beta of 1.49. The firm's 50-day moving average price is $271.72 and its two-hundred day moving average price is $248.59. 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 earnings results on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.27. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren had a return on equity of 31.76% and a net margin of 10.49%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. As a group, analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren announced that its board has initiated a share buyback program on Thursday, May 22nd that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the textile maker to purchase up to 8.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership 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 given a dividend of $0.9125 per share. This is a positive change from Ralph Lauren's previous quarterly dividend of $0.83. This represents a $3.65 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, June 27th. Ralph Lauren's dividend payout ratio (DPR) is currently 31.44%.

Analyst Ratings Changes

RL has been the topic of several analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $315.00 price target on shares of Ralph Lauren in a research report on Wednesday, June 18th. Cfra Research cut Ralph Lauren from a "hold" rating to a "moderate sell" rating in a report on Tuesday, May 20th. UBS Group set a $384.00 price target on Ralph Lauren and gave the stock a "buy" rating in a research report on Friday, May 23rd. Bank of America boosted their price objective on Ralph Lauren from $318.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $275.00 to $300.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and an average price target of $292.88.

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.