Unigestion Holding SA Acquires 16,621 Shares of Ralph Lauren Corp (RL)

Unigestion Holding SA boosted its holdings in shares of Ralph Lauren Corp (NYSE:RL) by 36.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,136 shares of the textile maker’s stock after buying an additional 16,621 shares during the quarter. Unigestion Holding SA’s holdings in Ralph Lauren were worth $8,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of Ralph Lauren by 46.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,864,503 shares of the textile maker’s stock worth $360,125,000 after purchasing an additional 912,403 shares during the period. Janus Henderson Group PLC grew its stake in shares of Ralph Lauren by 48.6% during the 2nd quarter. Janus Henderson Group PLC now owns 887,629 shares of the textile maker’s stock worth $111,600,000 after purchasing an additional 290,386 shares during the period. Millennium Management LLC grew its stake in shares of Ralph Lauren by 46.8% during the 2nd quarter. Millennium Management LLC now owns 874,008 shares of the textile maker’s stock worth $109,880,000 after purchasing an additional 278,524 shares during the period. FMR LLC grew its stake in shares of Ralph Lauren by 71.7% during the 2nd quarter. FMR LLC now owns 680,963 shares of the textile maker’s stock worth $85,610,000 after purchasing an additional 284,396 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Ralph Lauren by 5.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 457,275 shares of the textile maker’s stock worth $62,981,000 after purchasing an additional 24,417 shares during the period. 69.95% of the stock is owned by institutional investors.

Ralph Lauren stock opened at $123.93 on Friday. Ralph Lauren Corp has a 1 year low of $85.91 and a 1 year high of $147.79. The firm has a market capitalization of $10.34 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.97 and a beta of 0.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.70 and a current ratio of 2.98.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $1.99 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren Corp will post 6.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a dividend of $0.625 per share. The ex-dividend date was Thursday, September 27th. This represents a $2.50 annualized dividend and a yield of 2.02%. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.46%.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Ralph Lauren from $141.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 15th. Royal Bank of Canada set a $140.00 price objective on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Zacks Investment Research cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Piper Jaffray Companies raised shares of Ralph Lauren from an “underweight” rating to a “neutral” rating and set a $125.00 price objective on the stock in a research note on Thursday, September 20th. Finally, Buckingham Research raised their price objective on shares of Ralph Lauren from $130.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $137.38.

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Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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