Ralph Lauren Corporation (NYSE:RL) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 221.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,573 shares of the textile maker's stock after purchasing an additional 3,149 shares during the period. SG Americas Securities LLC's holdings in Ralph Lauren were worth $1,009,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $27,000 after acquiring an additional 59 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 127 shares during the period. Sentry Investment Management LLC lifted its holdings in shares of Ralph Lauren by 178.0% in the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock worth $31,000 after buying an additional 89 shares during the period. Jones Financial Companies Lllp raised its position in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after acquiring an additional 149 shares in the last quarter. Finally, Pinpoint Asset Management Ltd raised its position 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 worth $52,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL traded up $2.25 during mid-day trading on Thursday, reaching $267.68. The company had a trading volume of 687,551 shares, compared to its average volume of 823,003. Ralph Lauren Corporation has a 52-week low of $155.96 and a 52-week high of $289.33. The company has a quick ratio of 1.33, a current ratio of 1.78 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $16.15 billion, a P/E ratio of 23.06, a PEG ratio of 1.92 and a beta of 1.51. The stock has a 50 day moving average of $250.92 and a two-hundred day moving average of $243.13.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The textile maker reported $2.27 earnings per share (EPS) for the quarter, topping 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%. Ralph Lauren's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 earnings per share. On average, analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently announced 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 is Friday, June 27th. This represents a $3.65 annualized dividend and a yield of 1.36%. Ralph Lauren's dividend payout ratio (DPR) is 28.42%.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on RL shares. Telsey Advisory Group reissued an "outperform" rating and issued a $315.00 price target on shares of Ralph Lauren in a research report on Wednesday. Cowen reissued a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. BMO Capital Markets upped their target price on Ralph Lauren from $197.00 to $205.00 and gave the company an "underperform" rating in a research report on Friday, May 23rd. Citigroup upped their target price on Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, Jefferies Financial Group upped their target price on Ralph Lauren from $250.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $292.88.

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.