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

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,279 shares of the textile maker’s stock, valued at approximately $5,256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC increased its stake in Ralph Lauren by 34.9% in the first quarter. Root Financial Partners LLC now owns 236 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 61 shares in the last quarter. Capricorn Fund Managers Ltd bought a new position in Ralph Lauren during the first quarter worth about $4,568,000. iA Global Asset Management Inc. raised its holdings in Ralph Lauren by 619.9% during the 1st quarter. iA Global Asset Management Inc. now owns 22,634 shares of the textile maker’s stock valued at $7,786,000 after acquiring an additional 19,490 shares during the period. Broad Peak Investment Advisers Pte Ltd boosted its stake in Ralph Lauren by 4.7% in the 1st quarter. Broad Peak Investment Advisers Pte Ltd now owns 28,300 shares of the textile maker’s stock worth $9,735,000 after purchasing an additional 1,274 shares during the period. Finally, Red Door Wealth Management LLC bought a new stake in Ralph Lauren during the 1st quarter worth approximately $214,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $398.18 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.34. The business has a 50-day simple moving average of $375.55 and a two-hundred day simple moving average of $364.98. Ralph Lauren Corporation has a fifty-two week low of $273.04 and a fifty-two week high of $421.60.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts expect that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The business also recently announced 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 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. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.47%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RL shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research downgraded Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group lifted their target price on shares of Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $430.07.

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.