Asset Management One Co. Ltd. Buys 32,622 Shares of Ralph Lauren Corporation $RL

Key Points

• Asset Management One raised its stake in Ralph Lauren by 106.8% in Q4, buying 32,622 shares to hold 63,180 shares (about 0.10% ownership) worth roughly $22.55 million.
• Ralph Lauren beat quarterly expectations, reporting $6.22 EPS vs. $5.80 estimated and $2.41 billion in revenue vs. $2.30 billion estimated, with revenue up 12.2% year‑over‑year.
• CEO Patrice Louvet sold 47,000 shares for about $16.65 million, cutting her stake by 35.46%, while analysts generally remain positive with a consensus rating of "Moderate Buy" and an average target of $399.19.

Asset Management One Co. Ltd. raised its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 106.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,180 shares of the textile maker's stock after purchasing an additional 32,622 shares during the period. Asset Management One Co. Ltd. owned 0.10% of Ralph Lauren worth $22,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RL. Aventura Private Wealth LLC bought a new position in Ralph Lauren in the 4th quarter worth approximately $29,000. JPL Wealth Management LLC acquired a new position in shares of Ralph Lauren during the third quarter worth approximately $27,000. Rothschild Investment LLC boosted its position in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock valued at $31,000 after acquiring an additional 38 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Ralph Lauren in the fourth quarter worth $35,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren in the second quarter worth $28,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.0%

Shares of Ralph Lauren stock opened at $386.78 on Monday. Ralph Lauren Corporation has a 52-week low of $198.62 and a 52-week high of $389.15. The firm has a market capitalization of $23.42 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The company's fifty day moving average price is $356.63 and its two-hundred day moving average price is $350.52.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping analysts' consensus estimates of $5.80 by $0.42. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $4.82 EPS. On average, analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, March 27th. Ralph Lauren's payout ratio is presently 24.85%.

Wall Street Analyst Weigh In

Several research firms recently commented on RL. Bank of America upped their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a research report on Thursday, January 8th. Barclays boosted their price objective on shares of Ralph Lauren from $416.00 to $430.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. Weiss Ratings raised shares of Ralph Lauren from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group reduced their target price on shares of Ralph Lauren from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $399.19.

Insiders Place Their Bets

In other news, CEO Patrice Louvet sold 47,000 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares in the company, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 38.34% of the company's stock.

Ralph Lauren 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.

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