Robeco Institutional Asset Management B.V. Has $10.21 Million Stock Holdings in Ralph Lauren Corporation $RL

Robeco Institutional Asset Management B.V. lifted its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 6.9% in the third quarter, Holdings Channel.com reports. The fund owned 32,555 shares of the textile maker’s stock after acquiring an additional 2,103 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ralph Lauren were worth $10,208,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position 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 valued at $26,000 after purchasing an additional 86 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren during the second quarter worth $28,000. MUFG Securities EMEA plc bought a new position in Ralph Lauren during the second quarter worth $32,000. Geneos Wealth Management Inc. lifted its holdings in Ralph Lauren by 57.1% in the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after buying an additional 52 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Ralph Lauren by 94.8% in the third quarter. Farther Finance Advisors LLC now owns 150 shares of the textile maker’s stock valued at $47,000 after buying an additional 73 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RL. Wells Fargo & Company lifted their price objective on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on Ralph Lauren in a research note on Thursday. Jefferies Financial Group boosted their price target on Ralph Lauren from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Finally, Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.75.

Ralph Lauren Stock Performance

Shares of RL stock opened at $369.88 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $351.98 and a two-hundred day simple moving average of $320.17. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $380.00. The firm has a market capitalization of $22.43 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The business’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $2.54 earnings per share. Analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s payout ratio is currently 26.98%.

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.