Broad Peak Investment Advisers Pte Ltd Has $9.73 Million Holdings in Ralph Lauren Corporation $RL

Broad Peak Investment Advisers Pte Ltd raised its position in Ralph Lauren Corporation (NYSE:RL) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,300 shares of the textile maker’s stock after purchasing an additional 1,274 shares during the quarter. Ralph Lauren accounts for approximately 2.0% of Broad Peak Investment Advisers Pte Ltd’s holdings, making the stock its 15th largest holding. Broad Peak Investment Advisers Pte Ltd’s holdings in Ralph Lauren were worth $9,735,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Orion Porfolio Solutions LLC grew its holdings in shares of Ralph Lauren by 8,937.8% during the second 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 in the last quarter. Invesco Ltd. lifted its stake in Ralph Lauren by 26.2% in the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after acquiring an additional 275,263 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 acquiring an additional 255,511 shares in the last quarter. AQR Capital Management LLC boosted its position in Ralph Lauren by 38.6% during the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock worth $311,658,000 after acquiring an additional 245,242 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Ralph Lauren by 70.5% during the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after acquiring an additional 242,386 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on RL shares. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a report on Thursday, May 21st. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Telsey Advisory Group lifted their price target on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Barclays lifted their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $430.07.

Ralph Lauren Stock Performance

Shares of RL stock opened at $397.58 on Tuesday. The stock has a market cap of $23.66 billion, a P/E 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. The company has a fifty day moving average price of $374.41 and a two-hundred day moving average price of $364.03. Ralph Lauren Corporation has a one year low of $266.20 and a one year high of $421.60.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. Ralph Lauren’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 EPS. As a group, equities analysts predict that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.47%.

Ralph Lauren Company 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.