Erste Asset Management GmbH Has $15.84 Million Stock Holdings in Ralph Lauren Corporation $RL

Erste Asset Management GmbH decreased its position in Ralph Lauren Corporation (NYSE:RL) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,300 shares of the textile maker’s stock after selling 1,800 shares during the quarter. Erste Asset Management GmbH owned approximately 0.08% of Ralph Lauren worth $15,836,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Orion Porfolio Solutions LLC raised its holdings 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 worth $264,225,000 after acquiring an additional 952,681 shares during the period. Rakuten Investment Management Inc. bought a new stake in Ralph Lauren during the third quarter valued at about $86,719,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Ralph Lauren in the third quarter valued at about $74,841,000. Qube Research & Technologies Ltd increased its stake in shares of Ralph Lauren by 26.2% in the second quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock worth $231,306,000 after purchasing an additional 174,847 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Ralph Lauren by 116.6% during the 2nd quarter. Fisher Asset Management LLC now owns 267,742 shares of the textile maker’s stock worth $73,436,000 after purchasing an additional 144,155 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the transaction, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a report on Thursday, January 22nd. Jefferies Financial Group lowered their price objective on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Argus upped their target price on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Citigroup increased their price target on shares of Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average price target of $388.19.

Ralph Lauren Stock Down 4.4%

Shares of NYSE RL opened at $362.09 on Friday. The stock has a market cap of $21.92 billion, a PE ratio of 24.65, a PEG ratio of 1.48 and a beta of 1.49. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $389.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The business has a fifty day moving average of $362.44 and a two-hundred day moving average of $338.37.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.42. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $4.82 earnings per share. As a group, equities research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s dividend payout ratio is presently 24.85%.

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.