Groupama Asset Managment Invests $488,000 in Ralph Lauren Corporation $RL

Groupama Asset Managment acquired a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,556 shares of the textile maker’s stock, valued at approximately $488,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Financial Group Inc. increased its holdings in Ralph Lauren by 0.3% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after purchasing an additional 32 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Ralph Lauren by 3.1% in the third quarter. Wedmont Private Capital now owns 1,114 shares of the textile maker’s stock valued at $362,000 after purchasing an additional 34 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Ralph Lauren by 0.4% during the third quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock worth $2,920,000 after buying an additional 34 shares during the period. Polymer Capital Management US LLC boosted its position in shares of Ralph Lauren by 1.1% during the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after buying an additional 34 shares during the period. Finally, Rothschild Investment LLC grew its holdings in shares of Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after buying an additional 38 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RL shares. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research report on Thursday, February 5th. Barclays raised their price target on shares of Ralph Lauren from $416.00 to $430.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. UBS Group reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, March 3rd. Weiss Ratings lowered shares of Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Finally, Evercore set a $420.00 target price on shares of Ralph Lauren and gave the stock an “outperform” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $389.06.

Insiders Place Their Bets

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the company’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 sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 38.34% of the company’s stock.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $329.80 on Friday. The stock has a 50 day moving average price of $357.38 and a 200 day moving average price of $344.00. 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 has a market capitalization of $19.97 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.29 and a beta of 1.47.

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

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 27th. Ralph Lauren’s payout ratio is presently 24.85%.

Ralph Lauren Company 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.