American Century Companies Inc. Has $63.75 Million Stock Holdings in Ralph Lauren Corporation $RL

American Century Companies Inc. increased its stake in Ralph Lauren Corporation (NYSE:RL) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,321 shares of the textile maker’s stock after purchasing an additional 7,700 shares during the period. American Century Companies Inc. owned approximately 0.34% of Ralph Lauren worth $63,753,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. increased its stake in shares of Ralph Lauren by 0.3% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock valued at $3,688,000 after purchasing an additional 32 shares during the last quarter. Banco Santander S.A. boosted its stake in Ralph Lauren by 656.1% in the third quarter. Banco Santander S.A. now owns 21,980 shares of the textile maker’s stock valued at $6,892,000 after buying an additional 19,073 shares in the last quarter. Choreo LLC grew its position in Ralph Lauren by 14.0% in the third quarter. Choreo LLC now owns 3,158 shares of the textile maker’s stock valued at $993,000 after acquiring an additional 388 shares during the last quarter. Interchange Capital Partners LLC acquired a new position in Ralph Lauren during the third quarter worth about $240,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ralph Lauren by 5.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 42,479 shares of the textile maker’s stock worth $13,320,000 after acquiring an additional 2,081 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on RL shares. Wells Fargo & Company increased their price target on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on Ralph Lauren in a research report on Thursday, January 8th. Guggenheim began coverage on Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Barclays set a $416.00 price objective on shares of Ralph Lauren and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Argus lifted their target price on shares of Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $388.19.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the sale, the chief executive officer owned 85,552 shares in the company, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 38.34% of the company’s stock.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $359.80 on Thursday. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.41 and a beta of 1.47. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $389.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The stock’s 50 day moving average price is $362.10 and its two-hundred day moving average price is $339.97.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. Ralph Lauren’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.82 EPS. On average, equities analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a $0.9125 dividend. 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 dividend payout ratio (DPR) is 24.85%.

About Ralph Lauren

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.