KBC Group NV Trims Stake in Ralph Lauren Corporation $RL

KBC Group NV cut its holdings in Ralph Lauren Corporation (NYSE:RL) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,694 shares of the textile maker’s stock after selling 1,396 shares during the period. KBC Group NV’s holdings in Ralph Lauren were worth $3,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RL. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren in the 3rd quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren during the second quarter valued at $28,000. Aventura Private Wealth LLC purchased a new position in Ralph Lauren during the fourth quarter valued at $29,000. Rothschild Investment LLC grew its holdings in Ralph Lauren by 61.3% during the third 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 period. Finally, MUFG Securities EMEA plc bought a new stake in Ralph Lauren during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE RL opened at $386.78 on Monday. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $356.63 and a 200-day moving average price of $350.52. Ralph Lauren Corporation has a twelve month low of $198.62 and a twelve month high of $389.15.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company earned $4.82 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is 24.85%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Argus raised their price objective on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Zacks Research upgraded Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on shares of Ralph Lauren in a report on Thursday, January 8th. UBS Group restated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, March 3rd. Finally, Evercore set a $420.00 price target on shares of Ralph Lauren and gave the company an “outperform” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $399.19.

Insider Activity

In other 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 value of $16,648,340.00. Following the transaction, the chief executive officer owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.34% of the stock is currently owned by insiders.

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.