Ralph Lauren Co. (NYSE:RL) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. raised its holdings in Ralph Lauren Co. (NYSE:RL) by 10.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,774 shares of the textile maker’s stock after purchasing an additional 259 shares during the period. Fulton Bank N.A.’s holdings in Ralph Lauren were worth $486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. lifted its position in shares of Ralph Lauren by 26.3% during the second quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after purchasing an additional 90 shares during the last quarter. Boston Common Asset Management LLC lifted its holdings in Ralph Lauren by 11.9% during the 2nd quarter. Boston Common Asset Management LLC now owns 50,812 shares of the textile maker’s stock worth $8,895,000 after buying an additional 5,403 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ralph Lauren by 71.6% in the 2nd quarter. GAMMA Investing LLC now owns 604 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 252 shares during the last quarter. Finally, Boston Partners raised its position in shares of Ralph Lauren by 3.4% during the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after acquiring an additional 41,482 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on RL shares. UBS Group boosted their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Wells Fargo & Company dropped their price objective on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Jefferies Financial Group began coverage on Ralph Lauren in a research note on Tuesday, April 30th. They issued a “buy” rating and a $195.00 target price for the company. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Finally, TD Cowen cut their price target on Ralph Lauren from $202.00 to $196.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.42.

Insider Buying and Selling

In other news, COO Jane Nielsen sold 67,243 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 44,591 shares in the company, valued at $7,636,208.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.50% of the stock is owned by corporate insiders.

Ralph Lauren Stock Performance

Shares of NYSE:RL traded down $3.14 on Wednesday, hitting $161.81. The company’s stock had a trading volume of 743,451 shares, compared to its average volume of 945,341. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. 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 Co. has a 12 month low of $108.60 and a 12 month high of $192.03. The stock’s 50-day moving average is $176.28 and its two-hundred day moving average is $172.30.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, topping the consensus estimate 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 net margin of 9.75% and a return on equity of 27.90%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, equities research analysts forecast that Ralph Lauren Co. will post 11.08 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, June 28th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s dividend payout ratio (DPR) is currently 33.95%.

Ralph Lauren 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.