AXQ Capital LP Takes Position in Ralph Lauren Co. (NYSE:RL)

AXQ Capital LP bought a new stake in shares of Ralph Lauren Co. (NYSE:RL – Get Rating) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,286 shares of the textile maker’s stock, valued at approximately $242,000.

Several other large investors have also recently modified their holdings of RL. Sentry Investment Management LLC boosted its holdings in Ralph Lauren by 254.3% during the 4th quarter. Sentry Investment Management LLC now owns 287 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 206 shares during the period. US Asset Management LLC purchased a new position in Ralph Lauren during the 4th quarter valued at $33,000. Ronald Blue Trust Inc. boosted its holdings in Ralph Lauren by 125.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 433 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 241 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in Ralph Lauren by 240.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 510 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 360 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Ralph Lauren by 52.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 536 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 185 shares during the period. Institutional investors own 66.09% of the company’s stock.

Ralph Lauren Trading Up 5.3 %

Shares of NYSE:RL opened at $114.00 on Friday. The business’s 50-day moving average is $113.62 and its 200 day moving average is $113.26. Ralph Lauren Co. has a 1 year low of $82.23 and a 1 year high of $128.94. The firm has a market capitalization of $7.52 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.08 and a quick ratio of 1.37.

Ralph Lauren (NYSE:RL – Get Rating) last announced its quarterly earnings data on Thursday, May 25th. The textile maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.25. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.47 billion. Ralph Lauren had a return on equity of 22.88% and a net margin of 8.01%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. On average, research analysts predict that Ralph Lauren Co. will post 8.12 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, March 30th. Ralph Lauren’s dividend payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RL shares. Cowen boosted their price objective on Ralph Lauren from $148.00 to $151.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Credit Suisse Group upped their target price on Ralph Lauren from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 10th. BMO Capital Markets cut Ralph Lauren from a “market perform” rating to an “underperform” rating and upped their target price for the stock from $96.00 to $100.00 in a report on Friday, January 27th. Citigroup upped their target price on Ralph Lauren from $92.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Finally, StockNews.com started coverage on Ralph Lauren in a report on Thursday, May 18th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.00.

About Ralph Lauren

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.