Fifth Third Bancorp Has $581,000 Stock Holdings in Ralph Lauren Corporation $RL

Fifth Third Bancorp decreased its stake in Ralph Lauren Corporation (NYSE:RL) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,119 shares of the textile maker’s stock after selling 209 shares during the period. Fifth Third Bancorp’s holdings in Ralph Lauren were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Ralph Lauren by 93.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock valued at $27,000 after buying an additional 59 shares during the period. Sentry Investment Management LLC increased its stake in shares of Ralph Lauren by 178.0% in the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker’s stock valued at $31,000 after buying an additional 89 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Ralph Lauren in the first quarter valued at about $33,000. Brooklyn Investment Group increased its stake 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 valued at $38,000 after buying an additional 110 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Ralph Lauren in the first quarter valued at about $39,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Down 1.0%

Shares of NYSE:RL opened at $308.73 on Tuesday. The business’s 50 day simple moving average is $301.23 and its two-hundred day simple moving average is $267.71. The firm has a market cap of $18.70 billion, a P/E ratio of 24.66, a PEG ratio of 1.58 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $321.77.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.27. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 earnings per share. As a group, research analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 29.15%.

Wall Street Analyst Weigh In

RL has been the subject of several recent research reports. Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Jefferies Financial Group upped their target price on Ralph Lauren from $325.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Evercore ISI upped their target price on Ralph Lauren from $320.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company upped their target price on Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target of $312.82.

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.