Banco Bilbao Vizcaya Argentaria S.A. Has $4.07 Million Position in Ralph Lauren Corporation $RL

Banco Bilbao Vizcaya Argentaria S.A. cut its position in Ralph Lauren Corporation (NYSE:RL) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,844 shares of the textile maker’s stock after selling 1,046 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Ralph Lauren were worth $4,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC increased its position in shares of Ralph Lauren by 4.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock valued at $231,000 after buying an additional 42 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in Ralph Lauren by 3.4% in the first quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker’s stock valued at $300,000 after acquiring an additional 45 shares during the period. Modera Wealth Management LLC grew its stake in Ralph Lauren by 5.8% in the second quarter. Modera Wealth Management LLC now owns 1,028 shares of the textile maker’s stock valued at $282,000 after acquiring an additional 56 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Ralph Lauren by 69.7% in the second quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock worth $41,000 after acquiring an additional 62 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Ralph Lauren by 25.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock worth $73,000 after purchasing an additional 67 shares during the period. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RL shares. Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research report on Tuesday, August 12th. Evercore ISI upped their price target on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Jefferies Financial Group boosted their price objective on shares of Ralph Lauren from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company upped their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.13.

Ralph Lauren Stock Down 0.4%

Ralph Lauren stock opened at $331.53 on Friday. 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 1-year low of $176.61 and a 1-year high of $342.99. The company has a fifty day simple moving average of $320.67 and a 200 day simple moving average of $294.48. The company has a market cap of $20.08 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 EPS. Research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

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.