Ralph Lauren Co. (NYSE:RL) Shares Bought by Natixis

Posted by Defense World Staff on Jun 10th, 2023

Natixis raised its stake in Ralph Lauren Co. (NYSE:RL – Get Rating) by 1,187.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,735 shares of the textile maker’s stock after purchasing an additional 41,259 shares during the quarter. Natixis owned 0.07% of Ralph Lauren worth $4,727,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisor Group Holdings Inc. increased its stake in Ralph Lauren by 40.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,225 shares of the textile maker’s stock valued at $366,000 after buying an additional 930 shares during the period. Raymond James & Associates raised its holdings in Ralph Lauren by 451.8% during the first quarter. Raymond James & Associates now owns 21,696 shares of the textile maker’s stock worth $2,461,000 after purchasing an additional 17,764 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Ralph Lauren by 22.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,048 shares of the textile maker’s stock valued at $233,000 after purchasing an additional 379 shares during the period. MetLife Investment Management LLC boosted its holdings in Ralph Lauren by 16.8% in the 1st quarter. MetLife Investment Management LLC now owns 12,575 shares of the textile maker’s stock valued at $1,427,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Ralph Lauren by 6.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 10,892 shares of the textile maker’s stock worth $1,283,000 after purchasing an additional 623 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Ralph Lauren Price Performance

NYSE:RL opened at $117.27 on Friday. Ralph Lauren Co. has a 12-month low of $82.23 and a 12-month high of $128.94. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37. The company’s 50-day moving average is $113.52 and its two-hundred day moving average is $114.31. The company has a current ratio of 2.23, a quick ratio of 1.51 and a debt-to-equity ratio of 0.60.

Ralph Lauren (NYSE:RL – Get Rating) last announced its earnings results on Thursday, May 25th. The textile maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.25. Ralph Lauren had a net margin of 8.11% and a return on equity of 24.19%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business earned $0.49 earnings per share. Ralph Lauren’s revenue was up .9% compared to the same quarter last year. Research analysts expect that Ralph Lauren Co. will post 9.36 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Thursday, March 30th. Ralph Lauren’s payout ratio is 39.53%.

Analyst Upgrades and Downgrades

RL has been the topic of a number of analyst reports. Credit Suisse Group lifted their price target on Ralph Lauren from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Barclays increased their price target on shares of Ralph Lauren from $134.00 to $139.00 in a report on Friday, May 26th. The Goldman Sachs Group upped their target price on shares of Ralph Lauren from $90.00 to $100.00 and gave the stock a “sell” rating in a research report on Friday, February 10th. StockNews.com started coverage on shares of Ralph Lauren in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, UBS Group raised their price objective on Ralph Lauren from $154.00 to $168.00 in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.08.

Ralph Lauren 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.