Daiwa Securities Group Inc. Raises Position in Ralph Lauren Co. (NYSE:RL)

Daiwa Securities Group Inc. lifted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 22.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,570 shares of the textile maker’s stock after acquiring an additional 283 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ralph Lauren were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in Ralph Lauren by 45,214.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,172 shares of the textile maker’s stock valued at $457,000 after acquiring an additional 3,165 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Ralph Lauren during the 4th quarter worth $219,000. Principal Financial Group Inc. increased its holdings in Ralph Lauren by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 66,083 shares of the textile maker’s stock valued at $9,529,000 after buying an additional 528 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Ralph Lauren by 13.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,312 shares of the textile maker’s stock valued at $3,039,000 after buying an additional 2,590 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Ralph Lauren during the 4th quarter worth about $204,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RL has been the topic of several research analyst reports. TD Cowen cut their target price on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company lowered their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 target price on shares of Ralph Lauren in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $184.80.

Ralph Lauren Stock Up 1.5 %

Ralph Lauren stock opened at $184.21 on Wednesday. The stock has a 50 day moving average of $169.94 and a two-hundred day moving average of $173.25. Ralph Lauren Co. has a twelve month low of $108.60 and a twelve month high of $192.03. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.44 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. Ralph Lauren’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $2.34 EPS. As a group, research analysts expect that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.825 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.79%. Ralph Lauren’s payout ratio is currently 33.95%.

Ralph Lauren 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.