Asset Management One Co. Ltd. Raises Position in Ralph Lauren Corporation $RL

Asset Management One Co. Ltd. raised its position in shares of Ralph Lauren Corporation (NYSE:RL) by 30.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,587 shares of the textile maker’s stock after acquiring an additional 369 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Ralph Lauren were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its position in shares of Ralph Lauren by 4.2% in the first quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 42 shares during the period. Baader Bank Aktiengesellschaft grew its stake in Ralph Lauren by 3.4% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker’s stock valued at $300,000 after buying an additional 45 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Ralph Lauren by 25.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 67 shares during the period. Resona Asset Management Co. Ltd. raised its holdings in Ralph Lauren by 26.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 348 shares of the textile maker’s stock valued at $75,000 after acquiring an additional 72 shares during the period. Finally, Greenleaf Trust lifted its position in shares of Ralph Lauren by 7.9% during the second quarter. Greenleaf Trust now owns 984 shares of the textile maker’s stock worth $270,000 after acquiring an additional 72 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

NYSE:RL opened at $322.81 on Friday. The stock has a market cap of $19.55 billion, a P/E ratio of 25.78, a PEG ratio of 1.63 and a beta of 1.61. 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 price is $315.38 and its two-hundred day moving average price is $285.20. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $341.90.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, topping the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion during 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%.Ralph Lauren’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 earnings per share. As a group, equities analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s payout ratio is currently 29.15%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $350.00 target price on shares of Ralph Lauren in a report on Thursday. Cfra Research upgraded Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. Cowen reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Finally, Needham & Company LLC boosted their price objective on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $336.12.

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.