Intech Investment Management LLC Purchases 19,508 Shares of Ralph Lauren Corporation $RL

Key Points

• Intech Investment Management LLC significantly increased its stake in Ralph Lauren Corporation by 459.3%, purchasing an additional 19,508 shares, bringing their total to 23,755 shares valued at approximately $5.24 million.
• Multiple analysts have raised their price targets for Ralph Lauren's stock, with ranges now between $328.00 and $406.00, reflecting strong market confidence and an overall consensus rating of "Moderate Buy."
• Ralph Lauren announced a quarterly dividend of $0.9125 per share, representing a 1.2% yield, and a stock buyback plan allowing up to $1.50 billion in share repurchases.

Intech Investment Management LLC grew its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 459.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,755 shares of the textile maker's stock after purchasing an additional 19,508 shares during the quarter. Intech Investment Management LLC's holdings in Ralph Lauren were worth $5,244,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Ralph Lauren by 93.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of Ralph Lauren by 178.0% in the 1st quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Ralph Lauren in the 1st quarter valued at $33,000. Brooklyn Investment Group boosted its stake in shares of Ralph Lauren by 180.3% in the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ralph Lauren in the 1st quarter valued at $39,000. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on RL shares. Evercore ISI increased their target price on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Cfra Research raised shares of Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 11th. Bank of America increased their target price on shares of Ralph Lauren from $318.00 to $328.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $355.00 to $406.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $308.76.

Ralph Lauren Stock Performance

RL opened at $315.23 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The company's fifty day moving average price is $296.18 and its two-hundred day moving average price is $262.21. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $321.77. The company has a market cap of $19.09 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.60 and a beta of 1.60.

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

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a dividend yield of 1.2%. Ralph Lauren's dividend payout ratio is currently 29.15%.

Ralph Lauren announced that its Board of Directors has approved a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the textile maker to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Ralph Lauren Profile

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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