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

Erste Asset Management GmbH lowered its position in shares of Ralph Lauren Corporation (NYSE:RL) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,300 shares of the textile maker’s stock after selling 1,800 shares during the quarter. Erste Asset Management GmbH’s holdings in Ralph Lauren were worth $15,836,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after purchasing an additional 86 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $28,000. Rothschild Investment LLC raised its stake in shares of Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after buying an additional 38 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Ralph Lauren in the second quarter valued at approximately $32,000. Finally, MAI Capital Management boosted its stake in Ralph Lauren by 248.4% in the third quarter. MAI Capital Management now owns 108 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were 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 of the company’s stock, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 38.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on RL shares. Guggenheim initiated coverage on shares of Ralph Lauren in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. UBS Group increased their target price on Ralph Lauren from $474.00 to $477.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Evercore set a $420.00 target price on Ralph Lauren and gave the stock an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research note on Thursday, January 22nd. Finally, BTIG Research lifted their price objective on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $388.19.

Ralph Lauren Trading Down 4.4%

NYSE:RL opened at $362.09 on Friday. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $389.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The stock has a market capitalization of $21.92 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. The business’s 50-day simple moving average is $362.44 and its 200-day simple moving average is $338.37.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the company posted $4.82 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s payout ratio is currently 24.85%.

Ralph Lauren Company 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.