Natixis Advisors LLC Has $3.73 Million Stock Position in Ralph Lauren Corporation $RL

Natixis Advisors LLC lowered its stake in Ralph Lauren Corporation (NYSE:RL) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,558 shares of the textile maker’s stock after selling 6,089 shares during the quarter. Natixis Advisors LLC’s holdings in Ralph Lauren were worth $3,733,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in shares of Ralph Lauren by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock valued at $1,565,000 after buying an additional 31 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. increased its position in shares of Ralph Lauren by 0.3% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock valued at $3,688,000 after buying an additional 32 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Ralph Lauren by 0.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after buying an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Ralph Lauren by 23.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after buying an additional 34 shares in the last quarter. Finally, Polymer Capital Management US LLC increased its position in shares of Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after buying an additional 34 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RL shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $437.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Barclays upped their price objective on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Ralph Lauren in a report on Thursday, May 21st. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, BTIG Research reiterated a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $391.11 on Wednesday. The stock has a market capitalization of $23.28 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.85 and a beta of 1.35. The business has a 50-day moving average of $362.10 and a 200-day moving average of $359.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $393.42.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.Ralph Lauren’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 EPS. As a group, sell-side analysts predict that Ralph Lauren Corporation will post 18.29 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio is 24.16%.

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.