Broad Peak Investment Advisers Pte Ltd Makes New $6.31 Million Investment in Ralph Lauren Corporation $RL

Key Points

• Broad Peak Investment Advisers Pte Ltd has invested approximately $6.31 million in Ralph Lauren Corporation, acquiring 23,000 shares, which now make up about 2.0% of its portfolio.
• Ralph Lauren recently reported $3.77 EPS for the quarter, significantly exceeding analysts' forecast of $3.50 and showcasing a 13.7% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.9125 per share, representing an annualized yield of 1.2%, with a dividend payout ratio currently at 29.15%.

Broad Peak Investment Advisers Pte Ltd purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,000 shares of the textile maker's stock, valued at approximately $6,308,000. Ralph Lauren comprises about 2.0% of Broad Peak Investment Advisers Pte Ltd's portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Transatlantique SA purchased a new stake in shares of Ralph Lauren in the first quarter worth about $33,000. Brooklyn Investment Group boosted its position in shares of Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock worth $38,000 after buying an additional 110 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ralph Lauren in the first quarter worth about $39,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Ralph Lauren in the first quarter worth about $43,000. Finally, MRP Capital Investments LLC boosted its position in shares of Ralph Lauren by 175.0% in the first quarter. MRP Capital Investments LLC now owns 275 shares of the textile maker's stock worth $61,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Trading Up 2.5%

NYSE:RL opened at $317.03 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $305.66 and its two-hundred day moving average is $274.36. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $330.11. The company has a market cap of $19.20 billion, a PE ratio of 25.32, a P/E/G ratio of 1.56 and a beta of 1.61.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping analysts' consensus estimates of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $2.70 EPS. Ralph Lauren's quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren's dividend payout ratio (DPR) is currently 29.15%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RL. Needham & Company LLC upped their target price on Ralph Lauren from $335.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Jefferies Financial Group increased their price target on Ralph Lauren from $325.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Wells Fargo & Company increased their price target on Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, September 8th. TD Cowen increased their price target on Ralph Lauren from $354.00 to $399.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Finally, Telsey Advisory Group increased their price target on Ralph Lauren from $335.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of "Moderate Buy" and an average price target of $320.53.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.

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