Asset Management One Co. Ltd. Sells 13,893 Shares of Ralph Lauren Corporation $RL

Key Points

• Asset Management One reduced its Ralph Lauren stake by 33.2% in the third quarter, selling 13,893 shares and retaining 27,909 shares valued at approximately $9.9 million.
• Institutional investors own 67.91% of Ralph Lauren, while several major funds—including Wellington Management and Bank of New York Mellon—recently increased their holdings.
• Analysts remain positive, with 15 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $449.07. Ralph Lauren also exceeded quarterly earnings and revenue estimates and maintains a $1.00 quarterly dividend.

Asset Management One Co. Ltd. reduced its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 33.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,909 shares of the textile maker's stock after selling 13,893 shares during the period. Asset Management One Co. Ltd.'s holdings in Ralph Lauren were worth $9,911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP increased its position in shares of Ralph Lauren by 20.0% in the first quarter. First Trust Advisors LP now owns 703,637 shares of the textile maker's stock valued at $242,044,000 after acquiring an additional 117,412 shares during the period. Jennison Associates LLC increased its stake in shares of Ralph Lauren by 6.4% during the first quarter. Jennison Associates LLC now owns 593,537 shares of the textile maker's stock valued at $204,171,000 after buying an additional 35,525 shares during the period. Wellington Management Group LLP raised its holdings in shares of Ralph Lauren by 55.5% during the second quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker's stock valued at $191,261,000 after acquiring an additional 170,091 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ralph Lauren by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 423,283 shares of the textile maker's stock valued at $145,550,000 after acquiring an additional 5,107 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Ralph Lauren by 65.7% in the first quarter. Bank of New York Mellon Corp now owns 415,919 shares of the textile maker's stock worth $143,072,000 after acquiring an additional 164,965 shares during the period. Institutional investors own 67.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RL shares. Citigroup increased their price target on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. UBS Group increased their target price on Ralph Lauren from $520.00 to $521.00 and gave the stock a "buy" rating in a research report on Wednesday. Evercore reissued an "outperform" rating and issued a $460.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their target price on Ralph Lauren from $434.00 to $452.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Finally, Needham & Company LLC upped their price target on Ralph Lauren from $405.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of "Moderate Buy" and an average target price of $449.07.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $392.43 on Friday. Ralph Lauren Corporation has a 1-year low of $306.55 and a 1-year high of $421.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The business has a fifty day moving average price of $361.03 and a 200-day moving average price of $367.03. The company has a market capitalization of $23.38 billion, a PE ratio of 24.73, a PEG ratio of 1.77 and a beta of 1.34.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating the consensus estimate of $4.32 by $0.27. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. Ralph Lauren's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.77 EPS. As a group, equities analysts expect that Ralph Lauren Corporation will post 18.88 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 25th. Ralph Lauren's payout ratio is 25.20%.

Ralph Lauren Company Profile

Ralph Lauren Corporation NYSE: RL is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.

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