BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 11,064 Shares of Ralph Lauren Co. (NYSE:RL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its stake in shares of Ralph Lauren Co. (NYSE:RL) by 14.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 64,016 shares of the textile maker’s stock after selling 11,064 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Ralph Lauren were worth $12,411,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Simmons Bank raised its holdings in Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock worth $524,000 after buying an additional 62 shares during the last quarter. Commerce Bank lifted its position in Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $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 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after purchasing an additional 68 shares in the last quarter. Oak Thistle LLC raised its stake 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 purchasing an additional 72 shares during the last quarter. Finally, Mather Group LLC. boosted its position in shares of Ralph Lauren by 26.3% during the second quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock valued at $81,000 after buying an additional 90 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Analyst Ratings Changes

RL has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th. 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 reaffirmed an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Price Performance

RL stock opened at $212.15 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 company has a market capitalization 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’s fifty day moving average price is $199.91 and its 200-day moving average price is $182.32. Ralph Lauren Co. has a one year low of $122.88 and a one year high of $237.16.

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, beating 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 during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business posted $2.10 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. 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 presently 31.46%.

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.