Ralph Lauren Co. (NYSE:RL) Shares Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Posted by on May 6th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Ralph Lauren Co. (NYSE:RL – Get Rating) by 32.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,581 shares of the textile maker’s stock after purchasing an additional 5,554 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ralph Lauren were worth $2,464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Absher Wealth Management LLC lifted its position in Ralph Lauren by 1.1% in the fourth quarter. Absher Wealth Management LLC now owns 225,792 shares of the textile maker’s stock valued at $23,859,000 after purchasing an additional 2,491 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Ralph Lauren by 52.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 536 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 185 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $152,000. Gladius Capital Management LP lifted its position in shares of Ralph Lauren by 83.2% during the 4th quarter. Gladius Capital Management LP now owns 1,744 shares of the textile maker’s stock valued at $185,000 after acquiring an additional 792 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Ralph Lauren by 19.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,175 shares of the textile maker’s stock valued at $970,000 after acquiring an additional 1,480 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Ralph Lauren Stock Up 3.6 %

Shares of NYSE RL opened at $113.84 on Friday. Ralph Lauren Co. has a 52-week low of $82.23 and a 52-week high of $128.94. The firm has a fifty day moving average of $114.91 and a 200-day moving average of $111.45. The stock has a market capitalization of $7.51 billion, a PE ratio of 15.28, a P/E/G ratio of 1.28 and a beta of 1.39. The company has a quick ratio of 1.37, a current ratio of 2.08 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The textile maker reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.44. Ralph Lauren had a net margin of 8.01% and a return on equity of 22.88%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company earned $2.94 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Co. will post 8.11 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, March 30th. This represents a $3.00 annualized dividend and a dividend yield of 2.64%. Ralph Lauren’s payout ratio is 40.27%.

Wall Street Analysts Forecast Growth

RL has been the subject of a number of research reports. The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $90.00 to $100.00 and gave the company a “sell” rating in a research report on Friday, February 10th. OTR Global raised shares of Ralph Lauren to a “positive” rating in a research note on Friday, April 28th. Citigroup lifted their target price on shares of Ralph Lauren from $92.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Cowen lifted their target price on shares of Ralph Lauren from $148.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Finally, Bank of America raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $145.00 in a research note on Monday, February 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.57.

Ralph Lauren Company Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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