Broad Peak Investment Advisers Pte Ltd Boosts Stock Holdings in Ralph Lauren Corporation $RL

Key Points

• Broad Peak Investment Advisers increased its stake in Ralph Lauren by 41.3% in Q4 to 27,026 shares worth about $9.56 million, representing ~1.7% of its portfolio and its 14th largest holding.
• Wall Street sentiment is broadly positive with a consensus rating of “Moderate Buy” and an average target of $399.19; several upgrades and higher price targets include Barclays to $430 and Citigroup moving to a Buy rating.
• Ralph Lauren beat quarterly expectations with $6.22 EPS (vs. $5.80 est.) and revenue of $2.41B (up 12.2% year-over-year), announced a quarterly dividend of $0.9125 ($3.65 annual, ~1.0% yield), and CEO Patrice Louvet sold 47,000 shares, cutting his stake by 35.46%.

Broad Peak Investment Advisers Pte Ltd grew its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,026 shares of the textile maker's stock after buying an additional 7,900 shares during the period. Ralph Lauren accounts for approximately 1.7% of Broad Peak Investment Advisers Pte Ltd's portfolio, making the stock its 14th largest holding. Broad Peak Investment Advisers Pte Ltd's holdings in Ralph Lauren were worth $9,557,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren during the third quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Ralph Lauren during the second quarter valued at approximately $28,000. Aventura Private Wealth LLC purchased a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $29,000. Rothschild Investment LLC increased its position in shares of Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Ralph Lauren during the second quarter valued at approximately $32,000. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Ralph Lauren from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, April 13th. Barclays boosted their price target on shares of Ralph Lauren from $416.00 to $430.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a report on Thursday, January 8th. UBS Group restated a "buy" rating on shares of Ralph Lauren in a research note on Tuesday, March 3rd. Finally, Citigroup raised shares of Ralph Lauren from a "neutral" rating to a "buy" rating and upped their price target for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $399.19.

Ralph Lauren Stock Up 0.1%

NYSE:RL opened at $371.51 on Friday. The firm has a market capitalization of $22.49 billion, a P/E ratio of 25.29, a PEG ratio of 1.30 and a beta of 1.46. Ralph Lauren Corporation has a 1-year low of $214.23 and a 1-year high of $393.41. The company's fifty day moving average price is $358.63 and its 200-day moving average price is $352.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping analysts' consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.82 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren Corporation will post 16.25 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.9125 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren's payout ratio is 24.85%.

Insider Buying and Selling

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the sale, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.34% of the stock is owned by company insiders.

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.

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