Broad Peak Investment Advisers Pte Ltd Acquires 1,274 Shares of Ralph Lauren Corporation $RL

Broad Peak Investment Advisers Pte Ltd raised its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,300 shares of the textile maker’s stock after purchasing an additional 1,274 shares during the quarter. Ralph Lauren makes up 2.0% of Broad Peak Investment Advisers Pte Ltd’s holdings, making the stock its 15th biggest position. Broad Peak Investment Advisers Pte Ltd’s holdings in Ralph Lauren were worth $9,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RL. Invesco Ltd. raised its position in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after purchasing an additional 275,263 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ralph Lauren by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock worth $370,852,000 after buying an additional 54,686 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the period. Qube Research & Technologies Ltd grew its stake in Ralph Lauren by 11.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after buying an additional 98,511 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after buying an additional 255,511 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on RL. Barclays raised their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Telsey Advisory Group increased their target price on Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Finally, Wells Fargo & Company lifted their price target on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.07.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $397.58 on Tuesday. The business has a fifty day moving average price of $374.41 and a two-hundred day moving average price of $364.03. The stock has a market capitalization of $23.66 billion, a PE ratio of 26.31, a P/E/G ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. Ralph Lauren Corporation has a fifty-two week low of $266.20 and a fifty-two week high of $421.60.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the firm posted $2.27 EPS. Ralph Lauren’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities analysts predict that Ralph Lauren Corporation will post 18.33 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 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio is currently 26.47%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.