Sei Investments Co. Has $42.96 Million Holdings in Ralph Lauren Corporation $RL

Key Points

• Sei Investments increased its Ralph Lauren stake by 44% in the first quarter, owning 124,887 shares valued at approximately $42.96 million. Institutional investors collectively hold 67.91% of the company.
• Analysts maintain a generally positive outlook, with 15 Buy ratings and three Holds. Ralph Lauren has a consensus “Moderate Buy” rating and an average price target of $430.79.
• Ralph Lauren exceeded quarterly earnings and revenue expectations, reporting $2.80 in EPS and $1.98 billion in revenue, while revenue rose 16.6% year over year. The company also raised its quarterly dividend to $1.00, implying a 1.1% yield.

Sei Investments Co. lifted its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 44.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,887 shares of the textile maker's stock after purchasing an additional 38,183 shares during the quarter. Sei Investments Co. owned 0.21% of Ralph Lauren worth $42,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker's stock valued at $758,000 after acquiring an additional 174 shares during the last quarter. Empowered Funds LLC grew its position in Ralph Lauren by 0.9% during the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker's stock worth $2,723,000 after acquiring an additional 114 shares during the last quarter. Woodline Partners LP grew its position in Ralph Lauren by 39.5% during the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker's stock worth $744,000 after acquiring an additional 954 shares during the last quarter. Focus Partners Wealth increased its holdings in Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker's stock worth $841,000 after purchasing an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Ralph Lauren in the 2nd quarter worth about $386,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on RL. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Weiss Ratings cut shares of Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, May 15th. Barclays lifted their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an "overweight" rating in a report on Friday, May 22nd. Telsey Advisory Group increased their price objective on Ralph Lauren from $435.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. Finally, Zacks Research lowered Ralph Lauren from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Ralph Lauren presently has a consensus rating of "Moderate Buy" and an average price target of $430.79.

Ralph Lauren Stock Down 0.2%

Shares of Ralph Lauren stock opened at $372.97 on Monday. The stock's 50-day moving average is $383.95 and its 200 day moving average is $367.11. Ralph Lauren Corporation has a one year low of $273.04 and a one year high of $421.60. The firm has a market cap of $22.20 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.28. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. Equities research analysts anticipate that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $1.00 dividend. The ex-dividend date was Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. This is an increase from Ralph Lauren's previous quarterly dividend of $0.91. Ralph Lauren's dividend payout ratio (DPR) is presently 26.47%.

Ralph Lauren Profile

Ralph Lauren Corporation NYSE: RL is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men's neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren's product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

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