KBC Group NV Sells 774 Shares of Ralph Lauren Corporation $RL

KBC Group NV trimmed its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,238 shares of the textile maker’s stock after selling 774 shares during the period. KBC Group NV’s holdings in Ralph Lauren were worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vise Technologies Inc. purchased a new stake in Ralph Lauren during the second quarter worth $221,000. Allworth Financial LP raised its position in shares of Ralph Lauren by 175.0% in the 2nd quarter. Allworth Financial LP now owns 242 shares of the textile maker’s stock worth $66,000 after acquiring an additional 154 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Ralph Lauren by 45.2% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,158 shares of the textile maker’s stock worth $7,723,000 after purchasing an additional 8,772 shares during the last quarter. Profund Advisors LLC bought a new stake in Ralph Lauren during the second quarter valued at about $205,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Ralph Lauren by 155.2% during the second quarter. Campbell & CO Investment Adviser LLC now owns 6,742 shares of the textile maker’s stock valued at $1,849,000 after buying an additional 4,100 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $331.53 on Friday. The company has a 50 day simple moving average of $320.67 and a two-hundred day simple moving average of $294.48. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.63 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $342.99.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 10.91% and a return on equity of 33.72%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 earnings per share. As a group, analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s payout ratio is 26.98%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RL shares. Evercore ISI boosted their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. TD Cowen upped their target price on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised their price target on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Finally, Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.13.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.