Robeco Institutional Asset Management B.V. Buys 2,103 Shares of Ralph Lauren Corporation $RL

Robeco Institutional Asset Management B.V. increased its stake in Ralph Lauren Corporation (NYSE:RL) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,555 shares of the textile maker’s stock after purchasing an additional 2,103 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Ralph Lauren worth $10,208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $32,000. Geneos Wealth Management Inc. boosted its position in shares of Ralph Lauren by 57.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after acquiring an additional 52 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Ralph Lauren by 69.7% in the second quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on Ralph Lauren in a research report on Thursday. Wells Fargo & Company raised their price objective on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. TD Cowen boosted their target price on Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Needham & Company LLC increased their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $373.75.

Ralph Lauren Stock Performance

Shares of RL stock opened at $369.88 on Friday. The firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.78 and a beta of 1.49. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $351.98 and its 200-day moving average price is $320.17. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $380.00.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $2.54 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s payout ratio is currently 26.98%.

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.