Natixis Advisors LLC Sells 6,089 Shares of Ralph Lauren Corporation $RL

Natixis Advisors LLC decreased its stake in Ralph Lauren Corporation (NYSE:RL) by 36.6% in the 4th quarter, Holdings Channel.com reports. The fund 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 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blueline Advisors LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at about $27,000. JPL Wealth Management LLC acquired a new stake in Ralph Lauren in the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren in the 2nd quarter valued at about $28,000. Aventura Private Wealth LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at about $29,000. Finally, Rothschild Investment LLC lifted its stake in Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a research note on Friday, May 22nd. Barclays raised their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Bank of America raised their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Trading Up 4.9%

Shares of RL stock opened at $391.11 on Wednesday. The firm has a 50 day moving average price of $362.10 and a two-hundred day moving average price of $359.33. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $23.28 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.35. Ralph Lauren Corporation has a 12-month low of $258.13 and a 12-month high of $393.42.

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

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is 24.16%.

Ralph Lauren 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.