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Spire Wealth Management greatly increased its stake in Ralph Lauren, following the company's strong earnings and dividend hike.
Spire Wealth Management significantly increased its stake in Ralph Lauren Corporation by 709.6%, now owning 1,692 shares valued at $373,000.
Ralph Lauren reported strong earnings of $2.27 per share and revenue of $1.70 billion, exceeding estimates.
The company also raised its quarterly dividend to $0.9125.
Analysts predict an EPS of 12.01 for the year, with a "Moderate Buy" consensus rating and a target price of $292.88.
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Spire Wealth Management aumentó en gran medida su participación en Ralph Lauren, tras las fuertes ganancias de la compañía y el aumento de los dividendos.