Edmond DE Rothschild Holding S.A. Has $2.68 Million Position in Ralph Lauren Corp (RL)

Edmond DE Rothschild Holding S.A. lowered its stake in Ralph Lauren Corp (NYSE:RL) by 79.2% during the fourth quarter, HoldingsChannel reports. The firm owned 25,945 shares of the textile maker’s stock after selling 98,700 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Ralph Lauren were worth $2,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kiwi Wealth Investments Limited Partnership bought a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $1,919,000. LMR Partners LLP bought a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $615,000. Nomura Holdings Inc. grew its stake in shares of Ralph Lauren by 275.7% in the 4th quarter. Nomura Holdings Inc. now owns 21,420 shares of the textile maker’s stock valued at $2,207,000 after buying an additional 33,611 shares in the last quarter. BOKF NA bought a new stake in shares of Ralph Lauren in the 4th quarter valued at approximately $350,000. Finally, American International Group Inc. grew its stake in shares of Ralph Lauren by 373.3% in the 4th quarter. American International Group Inc. now owns 117,931 shares of the textile maker’s stock valued at $12,201,000 after buying an additional 93,016 shares in the last quarter. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Valerie Hermann sold 10,400 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $126.15, for a total transaction of $1,311,960.00. Following the completion of the transaction, the insider now directly owns 38,340 shares in the company, valued at $4,836,591. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joyce F. Brown sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total value of $252,000.00. Following the transaction, the director now owns 7,278 shares of the company’s stock, valued at $917,028. The disclosure for this sale can be found here. 32.49% of the stock is currently owned by insiders.

Several brokerages recently commented on RL. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Thursday, February 7th. Needham & Company LLC boosted their price target on Ralph Lauren from $122.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Wells Fargo & Co set a $130.00 price target on Ralph Lauren and gave the company a “hold” rating in a research note on Tuesday, February 5th. ValuEngine cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Finally, Nomura set a $125.00 price target on Ralph Lauren and gave the company a “hold” rating in a research note on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Ralph Lauren presently has a consensus rating of “Hold” and a consensus target price of $135.06.

RL opened at $121.53 on Friday. Ralph Lauren Corp has a twelve month low of $95.63 and a twelve month high of $147.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 2.18. The company has a market capitalization of $9.66 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.70 and a beta of 0.69.

Ralph Lauren (NYSE:RL) last posted its earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.17. Ralph Lauren had a return on equity of 16.85% and a net margin of 6.95%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company earned $2.03 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts expect that Ralph Lauren Corp will post 7.03 earnings per share for the current 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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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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