Nomura Asset Management Co. Ltd. increased its stake in shares of Ralph Lauren Corp (NYSE:RL) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,151 shares of the textile maker’s stock after buying an additional 909 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ralph Lauren were worth $1,023,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new position in shares of Ralph Lauren during the 1st quarter worth approximately $112,000. Bray Capital Advisors acquired a new stake in Ralph Lauren during the 1st quarter valued at $135,000. Oppenheimer & Co. Inc. acquired a new stake in Ralph Lauren during the 1st quarter valued at $202,000. Zeke Capital Advisors LLC acquired a new stake in Ralph Lauren during the 4th quarter valued at $201,000. Finally, Jump Trading LLC acquired a new stake in Ralph Lauren during the 4th quarter valued at $217,000. Institutional investors and hedge funds own 68.83% of the company’s stock.
Get Ralph Lauren alerts:Ralph Lauren opened at $139.34 on Monday, according to MarketBeat.com. The firm has a market capitalization of $11.39 billion, a PE ratio of 23.17, a PEG ratio of 2.59 and a beta of 0.70. Ralph Lauren Corp has a 52 week low of $70.28 and a 52 week high of $145.94. The company has a quick ratio of 1.76, a current ratio of 2.24 and a debt-to-equity ratio of 0.08.
Ralph Lauren (NYSE:RL) last released its earnings results on Wednesday, May 23rd. The textile maker reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.07. Ralph Lauren had a return on equity of 14.49% and a net margin of 2.63%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $0.89 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. equities research analysts expect that Ralph Lauren Corp will post 6.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, June 28th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.50. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.79%. Ralph Lauren’s payout ratio is 33.17%.
In related news, insider David R. Lauren sold 1,764 shares of Ralph Lauren stock in a transaction on Monday, June 11th. The stock was sold at an average price of $142.94, for a total transaction of $252,146.16. Following the completion of the sale, the insider now directly owns 633,197 shares of the company’s stock, valued at $90,509,179.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 32.93% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on the company. Cowen set a $160.00 price target on Ralph Lauren and gave the company a “buy” rating in a report on Friday, June 8th. Telsey Advisory Group raised their price target on Ralph Lauren from $125.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, June 11th. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Wednesday, June 6th. Guggenheim reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Friday, June 8th. Finally, Citigroup raised their price target on Ralph Lauren from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, June 8th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $122.13.
Ralph Lauren Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.
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