United Services Automobile Association trimmed its stake in Ralph Lauren Corp (NYSE:RL) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,534 shares of the textile maker’s stock after selling 8,221 shares during the period. United Services Automobile Association owned about 0.13% of Ralph Lauren worth $14,516,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RL. Bank of New York Mellon Corp grew its position in Ralph Lauren by 654,966.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,668,372 shares of the textile maker’s stock worth $504,586,000 after purchasing an additional 3,667,812 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $360,125,000 after acquiring an additional 912,403 shares in the last quarter. FMR LLC boosted its position in shares of Ralph Lauren by 84.6% during the 3rd quarter. FMR LLC now owns 1,257,318 shares of the textile maker’s stock valued at $172,944,000 after acquiring an additional 576,355 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Ralph Lauren during the 2nd quarter valued at about $46,574,000. Finally, Janus Henderson Group PLC boosted its position 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 valued at $111,600,000 after acquiring an additional 290,386 shares in the last quarter. Institutional investors own 70.16% of the company’s stock.
RL has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of Ralph Lauren in a research report on Monday, October 29th. They set a “buy” rating and a $149.00 target price on the stock. Buckingham Research lifted their target price on shares of Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. ValuEngine lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Barclays set a $124.00 target price on shares of Ralph Lauren and gave the company a “sell” rating in a research report on Wednesday, November 7th. Finally, Piper Jaffray Companies upgraded shares of Ralph Lauren from an “underweight” rating to a “neutral” rating and set a $125.00 target price on the stock in a research report on Thursday, September 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $136.69.
Shares of RL stock opened at $109.33 on Friday. Ralph Lauren Corp has a 12-month low of $95.73 and a 12-month high of $147.79. The stock has a market cap of $8.84 billion, a P/E ratio of 18.13, a PEG ratio of 1.57 and a beta of 0.63. The company has a quick ratio of 2.17, a current ratio of 2.98 and a debt-to-equity ratio of 0.20.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $1.99 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Ralph Lauren Corp will post 6.79 EPS for the current fiscal year.
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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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