Eurizon Capital SGR S.p.A. Purchases Shares of 21,255 Ralph Lauren Corporation $RL

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,255 shares of the textile maker’s stock, valued at approximately $7,517,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in Ralph Lauren during the 4th quarter valued at $27,000. JPL Wealth Management LLC bought a new position in Ralph Lauren during the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in Ralph Lauren during the 2nd quarter valued at $28,000. Aventura Private Wealth LLC bought a new position in Ralph Lauren during the 4th quarter valued at $29,000. Finally, Rothschild Investment LLC boosted its stake in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

RL opened at $367.62 on Tuesday. The stock has a fifty day moving average of $358.08 and a 200-day moving average of $357.69. The firm has a market capitalization of $21.88 billion, a P/E ratio of 24.33, a PEG ratio of 1.82 and a beta of 1.35. Ralph Lauren Corporation has a 12-month low of $258.13 and a 12-month high of $393.41. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51.

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, beating analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. Equities analysts forecast that Ralph Lauren Corporation will post 18.22 EPS 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. Investors of record on Friday, June 26th will be issued a dividend of $1.00 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio is 24.16%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Barclays increased 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Jefferies Financial Group cut their price objective on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Wells Fargo & Company increased their price objective on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $428.29.

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.