Unigestion Holding SA lifted its stake in Ralph Lauren Corp (NYSE:RL) by 36.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,136 shares of the textile maker’s stock after purchasing an additional 16,621 shares during the period. Unigestion Holding SA owned about 0.08% of Ralph Lauren worth $8,547,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of Ralph Lauren by 46.7% in the second 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 last quarter. Janus Henderson Group PLC grew its holdings in 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 acquiring an additional 290,386 shares in the last quarter. Millennium Management LLC grew its holdings in 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 acquiring an additional 278,524 shares in the last quarter. FMR LLC grew its holdings in 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 acquiring an additional 284,396 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in 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 acquiring an additional 24,417 shares in the last quarter. Hedge funds and other institutional investors own 69.95% of the company’s stock.
Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of Ralph Lauren from $113.00 to $117.00 and gave the stock a “sell” rating in a report on Wednesday, August 1st. Credit Suisse Group increased their target price on shares of Ralph Lauren from $153.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Guggenheim reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday. Wells Fargo & Co set a $130.00 target price on shares of Ralph Lauren and gave the stock a “hold” rating in a report on Tuesday. Finally, Buckingham Research increased their target price on shares of Ralph Lauren from $130.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 16th. 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. Ralph Lauren has a consensus rating of “Hold” and a consensus price target of $137.38.
RL stock opened at $123.93 on Friday. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.97 and a beta of 0.68. Ralph Lauren Corp has a one year low of $85.91 and a one year high of $147.79. The company has a quick ratio of 1.70, a current ratio of 2.98 and a debt-to-equity ratio of 0.20.
Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Tuesday, November 6th. The textile maker reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.10. The business 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 period in the prior year, the firm posted $1.99 earnings per share. Analysts predict that Ralph Lauren Corp will post 6.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 27th. Ralph Lauren’s payout ratio is 41.46%.
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.
Featured Article: Conference Calls and Individual Investors
Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corp (NYSE:RL).
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.