Nomura Asset Management Co. Ltd. Has $3.82 Million Position in Ralph Lauren Corporation $RL

Nomura Asset Management Co. Ltd. lowered its holdings in Ralph Lauren Corporation (NYSE:RL) by 34.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,807 shares of the textile maker’s stock after selling 5,645 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ralph Lauren were worth $3,821,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC grew its position in Ralph Lauren by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after purchasing an additional 54,686 shares during the period. Invesco Ltd. grew its position in Ralph Lauren by 9.8% in the 3rd quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock valued at $328,848,000 after purchasing an additional 93,753 shares during the period. Orion Porfolio Solutions LLC grew its position in Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after purchasing an additional 952,681 shares during the period. Qube Research & Technologies Ltd grew its position in Ralph Lauren by 11.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock valued at $295,321,000 after purchasing an additional 98,511 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Ralph Lauren by 5.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock valued at $207,417,000 after purchasing an additional 36,328 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $366.47 on Friday. The company’s 50-day moving average is $359.62 and its 200 day moving average is $358.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The company has a market capitalization of $21.81 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.79 and a beta of 1.35. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $393.41.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. On average, equities research analysts forecast that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $1.00 dividend. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is presently 24.16%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Evercore set a $420.00 price target on shares of Ralph Lauren and gave the company an “outperform” rating in a research report on Friday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $435.00 price objective on shares of Ralph Lauren in a report on Thursday, February 5th. UBS Group lifted their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Bank of America lifted their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $428.29.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.