Nomura Asset Management Co. Ltd. Sells 29,426 Shares of Ralph Lauren Co. (NYSE:RL)

Nomura Asset Management Co. Ltd. trimmed its position in Ralph Lauren Co. (NYSE:RL) by 87.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,378 shares of the textile maker’s stock after selling 29,426 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ralph Lauren were worth $849,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Simmons Bank boosted its position in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after purchasing an additional 62 shares in the last quarter. Commerce Bank lifted its holdings in Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after acquiring an additional 66 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ralph Lauren by 11.3% in the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after acquiring an additional 68 shares in the last quarter. Oak Thistle LLC increased its holdings in shares of Ralph Lauren by 6.2% in the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after acquiring an additional 72 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of Ralph Lauren by 8.4% during the second quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock worth $202,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of NYSE RL opened at $227.45 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The stock has a 50 day moving average price of $211.34 and a 200 day moving average price of $188.53. The stock has a market capitalization of $14.12 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. Ralph Lauren Co. has a 52 week low of $134.90 and a 52 week high of $237.16.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $2.10 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Analysts predict that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Ralph Lauren’s payout ratio is 31.46%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen boosted their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, Barclays boosted their price target on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $223.90.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.