Crossmark Global Holdings Inc. raised its stake in Ralph Lauren Corp (NYSE:RL) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,718 shares of the textile maker’s stock after acquiring an additional 712 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ralph Lauren were worth $697,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. American Century Companies Inc. boosted its position in shares of Ralph Lauren by 149.3% during the fourth quarter. American Century Companies Inc. now owns 933,827 shares of the textile maker’s stock valued at $96,829,000 after buying an additional 559,273 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at $373,000. Picton Mahoney Asset Management purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at $1,307,000. Engineers Gate Manager LP boosted its position in shares of Ralph Lauren by 229.6% during the fourth quarter. Engineers Gate Manager LP now owns 70,657 shares of the textile maker’s stock valued at $7,326,000 after buying an additional 49,223 shares during the last quarter. Finally, Highstreet Asset Management Inc. purchased a new stake in shares of Ralph Lauren during the fourth quarter valued at $910,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on RL shares. TheStreet raised Ralph Lauren from a “c” rating to a “b-” rating in a research report on Monday, November 6th. ValuEngine raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup increased their price objective on Ralph Lauren from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Tuesday, February 13th. Finally, Morgan Stanley increased their price objective on Ralph Lauren from $83.50 to $91.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $98.05.
Ralph Lauren Corp (NYSE:RL) opened at $105.59 on Monday. The stock has a market capitalization of $8,581.83, a PE ratio of -104.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58. Ralph Lauren Corp has a 12-month low of $66.06 and a 12-month high of $119.33.
Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.16. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $1.86 earnings per share. equities analysts anticipate that Ralph Lauren Corp will post 5.93 EPS for the current fiscal year.
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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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