Ralph Lauren Co. (NYSE:RL) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 87.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Ralph Lauren by 12,493.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker's stock worth $175,470,000 after buying an additional 994,385 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker's stock worth $149,478,000 after purchasing an additional 528,778 shares during the last quarter. Acadian Asset Management LLC lifted its position in Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker's stock valued at $111,760,000 after purchasing an additional 189,600 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Ralph Lauren by 3,520.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 120,231 shares of the textile maker's stock valued at $21,047,000 after purchasing an additional 116,910 shares during the last quarter. Finally, Atreides Management LP grew its position in Ralph Lauren by 28.3% during the 3rd quarter. Atreides Management LP now owns 377,481 shares of the textile maker's stock worth $73,182,000 after purchasing an additional 83,349 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock traded up $1.39 during midday trading on Friday, reaching $227.45. The company had a trading volume of 443,564 shares, compared to its average volume of 649,186. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. Ralph Lauren Co. has a 12-month low of $134.90 and a 12-month high of $237.16. The company has a market capitalization of $14.12 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.69 and a beta of 1.50. The firm's fifty day simple moving average is $211.34 and its 200-day simple moving average is $188.57.

Ralph Lauren (NYSE:RL - Get Free Report) 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 return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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. As a group, equities analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. Ralph Lauren's payout ratio is presently 31.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company upped their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. TD Cowen boosted their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Guggenheim raised their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, UBS Group lifted their price objective 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $223.90.

About Ralph Lauren

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.