Natixis Advisors LLC Raises Holdings in Ralph Lauren Co. (NYSE:RL)

Natixis Advisors LLC increased its position in Ralph Lauren Co. (NYSE:RL) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,343 shares of the textile maker’s stock after buying an additional 502 shares during the quarter. Natixis Advisors LLC’s holdings in Ralph Lauren were worth $2,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC raised its position in shares of Ralph Lauren by 63.1% in the 3rd quarter. Empowered Funds LLC now owns 3,576 shares of the textile maker’s stock worth $693,000 after acquiring an additional 1,383 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Ralph Lauren by 9.9% in the third quarter. CIBC Asset Management Inc now owns 5,563 shares of the textile maker’s stock worth $1,078,000 after purchasing an additional 500 shares in the last quarter. Huntington National Bank lifted its position in Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares during the period. Simmons Bank lifted its position in Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after buying an additional 62 shares during the period. Finally, Aigen Investment Management LP boosted its holdings in shares of Ralph Lauren by 281.8% during the 3rd quarter. Aigen Investment Management LP now owns 22,768 shares of the textile maker’s stock valued at $4,414,000 after buying an additional 16,805 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 2.4 %

Shares of Ralph Lauren stock opened at $212.15 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The stock has a market capitalization of $13.17 billion, a PE ratio of 20.22, a P/E/G ratio of 1.59 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $122.88 and a 1-year high of $237.16. The company’s fifty day simple moving average is $199.91 and its 200-day simple moving average is $182.44.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. Ralph Lauren’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Analyst Ratings Changes

A number of research analysts recently issued reports on RL shares. Barclays lifted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Cfra set a $171.00 price target on Ralph Lauren in a research report on Thursday, October 17th. UBS Group raised their price objective on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.