BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Holdings in Ralph Lauren Co. (NYSE:RL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in Ralph Lauren Co. (NYSE:RL) by 14.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,016 shares of the textile maker’s stock after selling 11,064 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.10% of Ralph Lauren worth $12,411,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Ralph Lauren in the 2nd quarter valued at about $30,000. Gladius Capital Management LP purchased a new stake in Ralph Lauren in the 2nd quarter worth approximately $31,000. Huntington National Bank boosted its stake 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. Versant Capital Management Inc increased its stake in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after acquiring an additional 213 shares during the last quarter. Finally, AM Squared Ltd purchased a new stake in shares of Ralph Lauren in the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $212.15 on Friday. Ralph Lauren Co. has a 12-month low of $122.88 and a 12-month high of $237.16. The firm has a market cap of $13.17 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $199.91 and its two-hundred day simple moving average is $182.32.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $2.10 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.56%. Ralph Lauren’s dividend payout ratio is 31.46%.

Analyst Ratings Changes

Several research analysts recently weighed in on RL shares. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. The Goldman Sachs Group lifted their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. UBS Group raised their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays upped their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Raymond James increased their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average price target 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.