Radnor Capital Management LLC Invests $314,000 in Ralph Lauren Co. (NYSE:RL)

Radnor Capital Management LLC purchased a new position in Ralph Lauren Co. (NYSE:RL) during the first quarter, Holdings Channel reports. The fund purchased 1,670 shares of the textile maker’s stock, valued at approximately $314,000.

A number of other large investors have also added to or reduced their stakes in RL. Boston Partners lifted its position in shares of Ralph Lauren by 67.2% during the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after buying an additional 487,882 shares during the last quarter. Jennison Associates LLC boosted its position in Ralph Lauren by 71.6% during the fourth quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock worth $114,513,000 after purchasing an additional 331,413 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Ralph Lauren by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,332 shares of the textile maker’s stock worth $68,399,000 after purchasing an additional 2,098 shares in the last quarter. Northern Trust Corp raised its position in shares of Ralph Lauren by 5.2% in the third quarter. Northern Trust Corp now owns 472,046 shares of the textile maker’s stock valued at $54,800,000 after purchasing an additional 23,441 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in shares of Ralph Lauren by 10,207.7% in the first quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after purchasing an additional 322,053 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $182.61 on Monday. Ralph Lauren Co. has a one year low of $108.60 and a one year high of $192.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.68. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.51 and a beta of 1.52. The company’s fifty day moving average price is $172.56 and its 200-day moving average price is $165.44.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 23rd. The textile maker reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Ralph Lauren Co. will post 11.07 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.81%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, June 28th. Ralph Lauren’s dividend payout ratio (DPR) is currently 30.86%.

Insider Buying and Selling

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the transaction, the chief operating officer now directly owns 44,591 shares in the company, valued at $7,636,208.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RL has been the subject of a number of recent research reports. TD Cowen lifted their price objective on shares of Ralph Lauren from $192.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price target on shares of Ralph Lauren in a research report on Thursday, May 23rd. UBS Group raised their target price on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Guggenheim reiterated a “buy” rating and set a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. Finally, Wells Fargo & Company cut their price objective on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $170.50.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.