Ralph Lauren Co. (NYSE:RL) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in Ralph Lauren Co. (NYSE:RL) by 1,308.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 479 shares of the textile maker’s stock after purchasing an additional 445 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ralph Lauren were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of RL. QRG Capital Management Inc. increased its holdings in Ralph Lauren by 2.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after purchasing an additional 65 shares during the last quarter. Oak Thistle LLC raised its holdings in shares of Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after buying an additional 72 shares during the period. Mather Group LLC. lifted its stake in Ralph Lauren by 26.3% during the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after acquiring an additional 90 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Ralph Lauren by 8.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after acquiring an additional 90 shares during the period. Finally, Fifth Third Bancorp grew its position in Ralph Lauren by 6.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 99 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RL shares. Telsey Advisory Group raised their price objective on shares of Ralph Lauren from $195.00 to $207.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. TD Cowen lowered their target price on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Barclays increased their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $186.00.

Ralph Lauren Stock Performance

Shares of RL opened at $185.31 on Friday. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $170.22 and a 200 day moving average price of $173.40.

Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm posted $2.34 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Research analysts predict that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s payout ratio is currently 33.95%.

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.