Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ralph Lauren Corp (NYSE:RL) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,099 shares of the textile maker’s stock after purchasing an additional 5,976 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ralph Lauren were worth $1,566,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in RL. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $209,000. Cigna Investments Inc. New bought a new stake in shares of Ralph Lauren during the 4th quarter valued at about $214,000. Parametrica Management Ltd bought a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $263,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Ralph Lauren during the 3rd quarter valued at about $309,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Ralph Lauren Corp (NYSE RL) opened at $103.39 on Tuesday. Ralph Lauren Corp has a 12-month low of $66.06 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.07. The firm has a market capitalization of $8,411.15, a PE ratio of -102.37, a PEG ratio of 1.71 and a beta of 0.65.
Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm earned $1.86 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. sell-side analysts predict that Ralph Lauren Corp will post 5.93 earnings per share for the current year.
A number of research firms have issued reports on RL. Cowen set a $89.00 price target on Ralph Lauren and gave the company a “hold” rating in a research note on Tuesday, October 24th. Telsey Advisory Group boosted their price target on Ralph Lauren from $109.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Nomura boosted their price target on Ralph Lauren from $92.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Bank of America boosted their price target on Ralph Lauren from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Friday, February 2nd. Finally, TheStreet upgraded Ralph Lauren from a “c” rating to a “b-” rating in a research note on Monday, November 6th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Ralph Lauren presently has an average rating of “Hold” and an average target price of $96.93.
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About Ralph Lauren
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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