ING Groep NV Boosts Stock Holdings in Ralph Lauren Corporation $RL

ING Groep NV boosted its position in Ralph Lauren Corporation (NYSE:RL) by 33.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,578 shares of the textile maker’s stock after purchasing an additional 6,354 shares during the period. ING Groep NV’s holdings in Ralph Lauren were worth $8,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC lifted its holdings in shares of 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 valued at $264,225,000 after buying an additional 952,681 shares during the period. Rakuten Investment Management Inc. purchased a new position in Ralph Lauren in the third quarter worth $86,719,000. Allianz Asset Management GmbH lifted its holdings in Ralph Lauren by 118.3% in the second quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after acquiring an additional 210,343 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Ralph Lauren by 26.2% during the 2nd 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 in the last quarter. Finally, Fisher Asset Management LLC grew its stake 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 period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research note on Thursday, January 8th. Evercore ISI set a $420.00 price target on Ralph Lauren and gave the stock an “outperform” rating in a research note on Friday, February 6th. Citigroup raised their price objective on Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Thursday, February 5th. Finally, Argus upped their target price on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $390.06.

Insider Buying and Selling

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer directly owned 85,552 shares in the company, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 38.34% of the company’s stock.

Ralph Lauren Stock Up 0.9%

RL opened at $359.34 on Thursday. The firm has a market cap of $21.79 billion, a P/E ratio of 24.46, a PEG ratio of 1.40 and a beta of 1.49. The business’s fifty day simple moving average is $360.55 and its 200 day simple moving average is $332.32. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $380.00. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50.

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

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is 24.85%.

About Ralph Lauren

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.