Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in Ralph Lauren Corporation $RL

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the first quarter, HoldingsChannel reports. The institutional investor purchased 15,279 shares of the textile maker’s stock, valued at approximately $5,256,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RL. JPL Wealth Management LLC bought a new position in Ralph Lauren in the third quarter worth approximately $27,000. Blueline Advisors LLC bought a new stake in shares of Ralph Lauren during the 4th quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren in the 2nd quarter worth $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Ralph Lauren in the 4th quarter worth $29,000. Finally, MUFG Securities EMEA plc bought a new position in Ralph Lauren in the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RL shares. Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday. Barclays lifted their price objective on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Telsey Advisory Group increased their target price on shares of Ralph Lauren from $435.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $430.07.

Ralph Lauren Trading Down 0.0%

Ralph Lauren stock opened at $398.18 on Friday. Ralph Lauren Corporation has a 1 year low of $273.04 and a 1 year high of $421.60. The firm’s 50 day moving average price is $375.55 and its 200-day moving average price is $364.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The stock has a market cap of $23.70 billion, a P/E ratio of 26.35, a PEG ratio of 1.98 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. Ralph Lauren’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted $2.27 earnings per share. On average, 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 announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s payout ratio is presently 26.47%.

Ralph Lauren Profile

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.