Alliancebernstein L.P. cut its stake in Ralph Lauren Corp (NYSE:RL) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,937 shares of the textile maker’s stock after selling 9,043 shares during the period. Alliancebernstein L.P. owned 0.10% of Ralph Lauren worth $11,270,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of RL. Eqis Capital Management Inc. purchased a new stake in Ralph Lauren during the 2nd quarter valued at $327,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Ralph Lauren in the 2nd quarter worth $381,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Ralph Lauren by 16.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 186,564 shares of the textile maker’s stock worth $23,455,000 after buying an additional 26,420 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Ralph Lauren by 25.8% in the 2nd quarter. Wells Fargo & Company MN now owns 341,099 shares of the textile maker’s stock worth $42,882,000 after buying an additional 69,891 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in shares of Ralph Lauren in the 2nd quarter worth $249,000. 70.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Citigroup dropped their price target on Ralph Lauren from $139.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, December 3rd. Nomura set a $125.00 price target on Ralph Lauren and gave the stock a “hold” rating in a research note on Monday, November 26th. ValuEngine downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Barclays set a $124.00 price target on Ralph Lauren and gave the stock a “sell” rating in a research note on Wednesday, November 7th. Finally, Wells Fargo & Co set a $130.00 price target on Ralph Lauren and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Ralph Lauren has a consensus rating of “Hold” and an average target price of $136.69.
Shares of Ralph Lauren stock opened at $104.90 on Friday. Ralph Lauren Corp has a one year low of $95.73 and a one year high of $147.79. The firm has a market capitalization 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. The company has a current ratio of 2.98, a quick ratio of 2.17 and a debt-to-equity ratio of 0.20.
Ralph Lauren (NYSE:RL) last announced its earnings results on Tuesday, November 6th. The textile maker reported $2.26 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a return on equity of 16.19% and a net margin of 3.82%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm earned $1.99 EPS. Ralph Lauren’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren Corp will post 6.79 earnings per share for the current year.
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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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