Swiss National Bank cut its holdings in Ralph Lauren Corporation (NYSE:RL) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 203,674 shares of the textile maker’s stock after selling 1,200 shares during the quarter. Swiss National Bank owned about 250,644.84% of Ralph Lauren Corporation worth $17,982,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of RL. Bank of New York Mellon Corp lifted its stake in Ralph Lauren Corporation by 378.0% in the second quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock valued at $324,786,000 after acquiring an additional 3,480,135 shares during the last quarter. BlackRock Inc. lifted its stake in Ralph Lauren Corporation by 26.7% in the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after acquiring an additional 1,225,845 shares during the last quarter. Bridgewater Associates LP lifted its stake in Ralph Lauren Corporation by 3,703.5% in the second quarter. Bridgewater Associates LP now owns 317,058 shares of the textile maker’s stock valued at $23,399,000 after acquiring an additional 308,722 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Ralph Lauren Corporation by 1,850.8% in the second quarter. Balyasny Asset Management LLC now owns 276,294 shares of the textile maker’s stock valued at $20,390,000 after acquiring an additional 262,131 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Ralph Lauren Corporation by 706.6% in the second quarter. Sei Investments Co. now owns 285,746 shares of the textile maker’s stock valued at $21,087,000 after acquiring an additional 250,321 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.
Shares of Ralph Lauren Corporation (RL) opened at $89.11 on Friday. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08. The company has a market cap of $7,241.26, a price-to-earnings ratio of 15.23, a PEG ratio of 1.06 and a beta of 0.63.
Ralph Lauren Corporation (NYSE:RL) last issued its earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $1.90 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. sell-side analysts expect that Ralph Lauren Corporation will post 5.56 earnings per share for the current fiscal year.
In related news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the transaction, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 32.93% of the stock is owned by corporate insiders.
A number of equities analysts have recently commented on RL shares. Zacks Investment Research raised shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, October 10th. Credit Suisse Group raised shares of Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 price target on the stock in a research report on Friday, September 8th. Piper Jaffray Companies set a $81.00 price target on shares of Ralph Lauren Corporation and gave the company a “sell” rating in a research report on Thursday, October 19th. Cowen and Company reissued a “hold” rating and issued a $89.00 price target on shares of Ralph Lauren Corporation in a research report on Sunday, September 17th. Finally, Macquarie raised shares of Ralph Lauren Corporation to a “buy” rating and lifted their price target for the company from $96.00 to $100.00 in a research report on Tuesday, September 5th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $88.66.
Ralph Lauren Corporation Profile
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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