Nomura Holdings Inc. Grows Holdings in Ralph Lauren Corporation $RL

Nomura Holdings Inc. lifted its position in shares of Ralph Lauren Corporation (NYSE:RL) by 569.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,649 shares of the textile maker’s stock after acquiring an additional 20,115 shares during the quarter. Nomura Holdings Inc.’s holdings in Ralph Lauren were worth $6,486,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RL. JPMorgan Chase & Co. increased its position in shares of Ralph Lauren by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after buying an additional 117,494 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Ralph Lauren by 31.5% in the 1st quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock valued at $37,778,000 after acquiring an additional 40,977 shares during the period. Signal Advisors Wealth LLC acquired a new stake in Ralph Lauren in the 2nd quarter valued at $309,000. Wealthfront Advisers LLC purchased a new stake in Ralph Lauren in the 2nd quarter worth $286,000. Finally, Prudential PLC acquired a new position in Ralph Lauren during the second quarter worth $1,630,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Trading Up 0.4%

RL opened at $371.76 on Tuesday. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.52. The company’s 50 day simple moving average is $338.37 and its two-hundred day simple moving average is $308.60. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $377.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35.

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

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be paid a $0.9125 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is 26.98%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Ralph Lauren from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. BTIG Research began coverage on Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 price objective for the company. Needham & Company LLC raised their target price on Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Wells Fargo & Company lifted their price target on Ralph Lauren from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $352.13.

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.