KBC Group NV Grows Position in Ralph Lauren Co. (NYSE:RL)

KBC Group NV boosted its stake in shares of Ralph Lauren Co. (NYSE:RLFree Report) by 108.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,500 shares of the textile maker’s stock after acquiring an additional 14,307 shares during the period. KBC Group NV’s holdings in Ralph Lauren were worth $6,352,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in shares of Ralph Lauren by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after buying an additional 137,631 shares during the last quarter. Geode Capital Management LLC grew its position in Ralph Lauren by 3.3% during the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after acquiring an additional 30,694 shares during the period. Holocene Advisors LP increased its stake in Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after acquiring an additional 78,008 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Ralph Lauren by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock worth $100,889,000 after purchasing an additional 60,610 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ralph Lauren by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after purchasing an additional 13,640 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $258.34 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a fifty-two week low of $142.26 and a fifty-two week high of $260.77. The business has a 50 day moving average price of $234.96 and a two-hundred day moving average price of $202.24. The firm has a market cap of $16.04 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49.

Ralph Lauren (NYSE:RLGet Free Report) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts expect that Ralph Lauren Co. will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s payout ratio is currently 31.46%.

Analyst Ratings Changes

A number of analysts recently issued reports on RL shares. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Tuesday, December 31st. The Goldman Sachs Group lifted their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.91.

View Our Latest Stock Analysis on Ralph Lauren

About Ralph Lauren

(Free Report)

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.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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