Allianz Asset Management GmbH Decreases Stock Holdings in Ralph Lauren Corporation $RL

Allianz Asset Management GmbH trimmed its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 472,283 shares of the textile maker’s stock after selling 24,458 shares during the period. Allianz Asset Management GmbH’s holdings in Ralph Lauren were worth $167,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. ING Groep NV raised its stake in Ralph Lauren by 33.1% during the 3rd quarter. ING Groep NV now owns 25,578 shares of the textile maker’s stock valued at $8,020,000 after buying an additional 6,354 shares during the last quarter. Vest Financial LLC raised its stake in Ralph Lauren by 177.9% during the 4th quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock valued at $19,343,000 after buying an additional 35,016 shares during the last quarter. M&T Bank Corp raised its stake in Ralph Lauren by 6,216.7% during the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock valued at $25,933,000 after buying an additional 72,176 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Ralph Lauren by 28.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,688 shares of the textile maker’s stock valued at $14,741,000 after buying an additional 9,133 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Ralph Lauren by 106.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 63,180 shares of the textile maker’s stock valued at $22,552,000 after buying an additional 32,622 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 4.9%

Shares of Ralph Lauren stock opened at $391.11 on Wednesday. The company’s fifty day simple moving average is $362.10 and its 200-day simple moving average is $359.33. The stock has a market capitalization of $23.28 billion, a PE ratio of 25.88, a P/E/G ratio of 1.85 and a beta of 1.35. Ralph Lauren Corporation has a 1-year low of $258.13 and a 1-year high of $393.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company posted $2.27 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $1.00 per share. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 24.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RL. Citigroup upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their target price for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Bank of America boosted their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. BTIG Research reiterated a “buy” rating and set a $450.00 price target on shares of Ralph Lauren in a research note on Friday, May 22nd. Finally, Barclays lifted their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren 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.