21,255 Shares in Ralph Lauren Corporation $RL Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in Ralph Lauren Corporation (NYSE:RL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 21,255 shares of the textile maker’s stock, valued at approximately $7,517,000.

Several other institutional investors have also modified their holdings of RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ralph Lauren by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after acquiring an additional 174 shares in the last quarter. Empowered Funds LLC raised its stake in Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after buying an additional 114 shares in the last quarter. Woodline Partners LP raised its stake in Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after buying an additional 954 shares in the last quarter. Focus Partners Wealth raised its stake in Ralph Lauren by 29.5% during the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock valued at $841,000 after buying an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Ralph Lauren during the second quarter valued at approximately $386,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group upped their price objective on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Evercore set a $420.00 price objective on Ralph Lauren and gave the company an “outperform” rating in a research note on Friday, February 6th. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price objective for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Finally, Wells Fargo & Company upped their price objective on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $428.29.

Ralph Lauren Stock Performance

Shares of RL stock opened at $367.62 on Tuesday. Ralph Lauren Corporation has a 12-month low of $258.13 and a 12-month high of $393.41. The firm has a market capitalization of $21.88 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35. The business has a 50 day simple moving average of $358.08 and a 200 day simple moving average of $357.69. 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 (NYSE:RL) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the company posted $2.27 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ralph Lauren Corporation will post 18.22 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $1.00 dividend. 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. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is currently 24.16%.

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.