Affinity Investment Advisors LLC purchased a new position in shares of Ralph Lauren Corp (NYSE:RL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,672 shares of the textile maker’s stock, valued at approximately $2,449,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of RL. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Ralph Lauren in the fourth quarter valued at approximately $26,000. Quantamental Technologies LLC purchased a new stake in Ralph Lauren in the fourth quarter valued at approximately $59,000. ETF Managers Group LLC grew its holdings in Ralph Lauren by 17.5% in the fourth quarter. ETF Managers Group LLC now owns 1,183 shares of the textile maker’s stock valued at $122,000 after purchasing an additional 176 shares during the period. Lourd Capital LLC purchased a new stake in Ralph Lauren in the third quarter valued at approximately $205,000. Finally, Engineers Gate Manager LP purchased a new stake in Ralph Lauren in the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 72.89% of the company’s stock.
Shares of RL stock opened at $125.60 on Tuesday. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.18 and a current ratio of 2.90. Ralph Lauren Corp has a fifty-two week low of $95.63 and a fifty-two week high of $147.79.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.17. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Ralph Lauren had a net margin of 6.95% and a return on equity of 16.85%. Ralph Lauren’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren Corp will post 7.03 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a report on Thursday, January 10th. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a report on Thursday, February 7th. Buckingham Research upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. ValuEngine cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Finally, Barclays set a $124.00 price target on shares of Ralph Lauren and gave the company a “sell” rating in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Ralph Lauren presently has a consensus rating of “Hold” and an average target price of $135.06.
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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