Ralph Lauren Co. (NYSE:RL) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 20.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,287 shares of the textile maker’s stock after acquiring an additional 222 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ralph Lauren were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fidelis Capital Partners LLC acquired a new stake in shares of Ralph Lauren during the 1st quarter worth approximately $42,000. GAMMA Investing LLC bought a new stake in Ralph Lauren in the fourth quarter valued at $45,000. Mather Group LLC. acquired a new position in shares of Ralph Lauren during the first quarter valued at $64,000. TFO Wealth Partners LLC grew its position in shares of Ralph Lauren by 113,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,133 shares of the textile maker’s stock worth $163,000 after acquiring an additional 1,132 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Ralph Lauren by 2,062.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the textile maker’s stock worth $195,000 after acquiring an additional 990 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL opened at $181.58 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.68. The firm’s 50 day moving average is $176.36 and its 200-day moving average is $168.81. Ralph Lauren Co. has a 12-month low of $108.60 and a 12-month high of $192.03. The stock has a market capitalization of $11.35 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.50 and a beta of 1.51.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren Co. will post 11.07 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.82%. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, June 28th. Ralph Lauren’s dividend payout ratio is currently 33.95%.

Insider Activity at Ralph Lauren

In other Ralph Lauren news, COO Jane Nielsen sold 67,243 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the sale, the chief operating officer now owns 44,591 shares in the company, valued at approximately $7,636,208.75. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RL shares. Wells Fargo & Company reduced 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 research note on Friday, May 24th. TD Cowen raised their target price on Ralph Lauren from $192.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. UBS Group boosted their price target on Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Argus reissued a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Ralph Lauren in a report on Thursday, May 23rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.50.

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.