Fmr LLC boosted its holdings in shares of Ralph Lauren Corp (NYSE:RL) by 84.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,257,318 shares of the textile maker’s stock after acquiring an additional 576,355 shares during the quarter. Fmr LLC owned 1.55% of Ralph Lauren worth $172,944,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of RL. Bank of New York Mellon Corp grew its holdings in Ralph Lauren by 654,966.4% during 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 acquiring an additional 3,667,812 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Ralph Lauren by 46.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,864,503 shares of the textile maker’s stock worth $360,125,000 after acquiring an additional 912,403 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC bought a new stake in Ralph Lauren during the 2nd quarter worth approximately $46,574,000. Janus Henderson Group PLC lifted its position in shares of Ralph Lauren by 48.6% in the 2nd quarter. Janus Henderson Group PLC now owns 887,629 shares of the textile maker’s stock worth $111,600,000 after purchasing an additional 290,386 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Ralph Lauren by 46.8% in the 2nd quarter. Millennium Management LLC now owns 874,008 shares of the textile maker’s stock worth $109,880,000 after purchasing an additional 278,524 shares during the period. 70.16% of the stock is currently owned by hedge funds and other institutional investors.
Ralph Lauren stock opened at $104.90 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.17 and a current ratio of 2.98. Ralph Lauren Corp has a 12-month low of $95.73 and a 12-month high of $147.79. The firm has a market cap of $8.84 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.57 and a beta of 0.63.
Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company earned $1.99 EPS. Ralph Lauren’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Ralph Lauren Corp will post 6.79 EPS for the current fiscal year.
A number of brokerages have recently issued reports on RL. JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $141.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. Buckingham Research boosted their price target on shares of Ralph Lauren from $130.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. ValuEngine downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Thursday, October 4th. Finally, Barclays set a $124.00 price target on shares of Ralph Lauren and gave the stock a “sell” rating in a research report on Wednesday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $136.69.
About Ralph Lauren
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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