1,725 Shares in Ralph Lauren Co. (NYSE:RL) Purchased by Chapin Davis Inc.

Chapin Davis Inc. acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,725 shares of the textile maker’s stock, valued at approximately $324,000.

Several other hedge funds also recently modified their holdings of the business. Boston Partners boosted its stake in shares of Ralph Lauren by 67.2% in the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after purchasing an additional 487,882 shares during the last quarter. Jennison Associates LLC raised its position in shares of Ralph Lauren by 71.6% in the 4th quarter. Jennison Associates LLC now owns 794,127 shares of the textile maker’s stock valued at $114,513,000 after acquiring an additional 331,413 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Ralph Lauren by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 474,332 shares of the textile maker’s stock valued at $68,399,000 after acquiring an additional 2,098 shares during the period. Northern Trust Corp raised its position in shares of Ralph Lauren by 5.2% in the 3rd quarter. Northern Trust Corp now owns 472,046 shares of the textile maker’s stock valued at $54,800,000 after acquiring 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 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock valued at $61,061,000 after acquiring an additional 322,053 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on RL shares. UBS Group increased their price target on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Guggenheim restated a “buy” rating and set a $200.00 target price on shares of Ralph Lauren in a report on Friday, May 24th. TD Cowen raised their target price on shares of Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Jefferies Financial Group assumed coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Telsey Advisory Group restated an “outperform” rating and set a $195.00 target price on shares of Ralph Lauren in a report on Thursday, May 23rd. Four investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $170.50.

Insiders Place Their Bets

In related news, COO Jane Nielsen sold 67,243 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $171.25, for a total value of $11,515,363.75. Following the sale, 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 is accessible through this hyperlink. Insiders own 11.50% of the company’s stock.

Ralph Lauren Trading Down 1.7 %

Shares of Ralph Lauren stock opened at $172.07 on Tuesday. The stock has a market cap of $10.76 billion, a PE ratio of 17.70, a PEG ratio of 1.43 and a beta of 1.52. The firm has a 50-day moving average of $174.79 and a 200-day moving average of $167.25. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.68 and a current ratio of 2.29.

Ralph Lauren (NYSE:RL) last posted its quarterly 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. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ralph Lauren had a return on equity of 27.90% and a net margin of 9.75%. Ralph Lauren’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. As a group, sell-side analysts forecast that Ralph Lauren Co. will post 11.07 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.825 per share. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.30 annualized dividend and a yield of 1.92%. Ralph Lauren’s payout ratio is presently 33.95%.

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