River & Mercantile Asset Management LLP increased its holdings in Ralph Lauren Corp (NYSE:RL) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,726 shares of the textile maker’s stock after purchasing an additional 2,922 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Ralph Lauren were worth $4,364,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of RL. Eqis Capital Management Inc. acquired a new position in Ralph Lauren in the second quarter valued at $327,000. Raymond James Financial Services Advisors Inc. acquired a new position in Ralph Lauren in the second quarter valued at $381,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Ralph Lauren by 16.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 186,564 shares of the textile maker’s stock valued at $23,455,000 after buying an additional 26,420 shares during the period. Wells Fargo & Company MN lifted its holdings in Ralph Lauren by 25.8% in the second quarter. Wells Fargo & Company MN now owns 341,099 shares of the textile maker’s stock valued at $42,882,000 after buying an additional 69,891 shares during the period. Finally, LMR Partners LLP acquired a new position in Ralph Lauren in the second quarter valued at $249,000. 70.16% of the stock is currently owned by institutional investors.
Shares of NYSE RL opened at $104.90 on Friday. Ralph Lauren Corp has a 1-year low of $95.73 and a 1-year high of $147.79. The stock has a market cap of $8.75 billion, a PE ratio of 17.40, a P/E/G ratio of 1.55 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 quarterly earnings data on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, beating the 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 firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Ralph Lauren Corp will post 6.79 EPS for the current year.
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ralph Lauren from $141.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Piper Jaffray Companies upgraded shares of Ralph Lauren from an “underweight” rating to a “neutral” rating and set a $125.00 price objective on the stock in a report on Thursday, September 20th. Buckingham Research upped their price objective on shares of Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. Guggenheim reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, November 6th. Finally, Wells Fargo & Co set a $130.00 price objective on shares of Ralph Lauren and gave the company a “hold” rating in a report on Tuesday, November 6th. Three equities research 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. The stock presently has an average rating of “Hold” and an average target price of $136.69.
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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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