Fmr LLC lifted its position in Ralph Lauren Corp (NYSE:RL) by 84.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,257,318 shares of the textile maker’s stock after acquiring an additional 576,355 shares during the quarter. Fmr LLC’s holdings in Ralph Lauren were worth $172,944,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group grew its stake in shares of Ralph Lauren by 95.4% in the 2nd quarter. Schroder Investment Management Group now owns 149,191 shares of the textile maker’s stock worth $18,938,000 after acquiring an additional 72,837 shares in the last quarter. First Midwest Bank Trust Division grew its position in Ralph Lauren by 16.2% during the third quarter. First Midwest Bank Trust Division now owns 7,102 shares of the textile maker’s stock valued at $977,000 after buying an additional 992 shares during the period. Renaissance Technologies LLC grew its position in Ralph Lauren by 46.7% during the second quarter. Renaissance Technologies LLC now owns 2,864,503 shares of the textile maker’s stock valued at $360,125,000 after buying an additional 912,403 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Ralph Lauren during the second quarter valued at about $6,035,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in Ralph Lauren by 6.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 49,976 shares of the textile maker’s stock valued at $6,283,000 after buying an additional 3,127 shares during the period. Hedge funds and other institutional investors own 70.16% of the company’s stock.
Shares of NYSE:RL opened at $104.90 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.17. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63. Ralph Lauren Corp has a twelve month low of $95.73 and a twelve month high of $147.79.
Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.10. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.99 earnings per share. Analysts predict that Ralph Lauren Corp will post 6.79 EPS for the current fiscal year.
RL has been the subject of several 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 price target for the company. Buckingham Research increased their price target 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 price target 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 price target for the company in a research report on Thursday, September 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $136.69.
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Ralph Lauren 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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