Groupama Asset Managment Buys New Holdings in Ralph Lauren Corporation $RL

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

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. raised its stake in Ralph Lauren by 9.8% in the third quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock valued at $328,848,000 after buying an additional 93,753 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after acquiring an additional 117,494 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after acquiring an additional 952,681 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Ralph Lauren by 11.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after acquiring an additional 98,511 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Ralph Lauren by 5.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock valued at $207,417,000 after acquiring an additional 36,328 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $329.80 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The stock’s fifty day moving average price is $357.38 and its two-hundred day moving average price is $344.00. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $389.15. The firm has a market cap of $19.97 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.29 and a beta of 1.47.

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

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given 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 of this dividend is Friday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.85%.

Insiders Place Their Bets

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction dated 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 completion of the sale, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. The trade was a 35.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 38.34% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on RL. Argus raised their price target on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Weiss Ratings downgraded shares of Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday. Zacks Research raised shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Barclays raised their target price 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. Finally, BTIG Research lifted their target price on shares of Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $389.06.

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.