Invictus RG grew its position in Ralph Lauren Corp (NYSE:RL) by 1,855.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,540 shares of the textile maker’s stock after buying an additional 3,359 shares during the period. Invictus RG’s holdings in Ralph Lauren were worth $313,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in RL. Bank of New York Mellon Corp boosted its stake in Ralph Lauren by 378.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock worth $324,786,000 after purchasing an additional 3,480,135 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Ralph Lauren by 973.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after purchasing an additional 1,279,221 shares in the last quarter. BlackRock Inc. boosted its stake in Ralph Lauren by 26.7% in the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $428,744,000 after purchasing an additional 1,225,845 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Ralph Lauren by 35.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock worth $136,894,000 after purchasing an additional 408,000 shares in the last quarter. Finally, Ardevora Asset Management LLP acquired a new stake in Ralph Lauren in the 3rd quarter worth approximately $35,440,000. Institutional investors and hedge funds own 66.98% of the company’s stock.
Ralph Lauren Corp (NYSE RL) traded up $1.51 on Thursday, reaching $97.30. 1,173,600 shares of the company’s stock were exchanged, compared to its average volume of 1,547,868. Ralph Lauren Corp has a 12 month low of $66.06 and a 12 month high of $110.42. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7,785.33, a price-to-earnings ratio of 16.37, a PEG ratio of 1.15 and a beta of 0.66.
Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $1.90 EPS. Ralph Lauren’s revenue for the quarter was down 8.6% compared to the same quarter last year. equities research analysts anticipate that Ralph Lauren Corp will post 5.56 EPS for the current fiscal year.
A number of research firms recently commented on RL. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Cowen set a $95.00 target price on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Thursday, November 16th. TheStreet upgraded shares of Ralph Lauren from a “c” rating to a “b-” rating in a research note on Monday, November 6th. Barclays lifted their target price on shares of Ralph Lauren from $84.00 to $87.00 and gave the stock an “underweight” rating in a research note on Monday, November 6th. Finally, Citigroup lifted their target price on shares of Ralph Lauren from $91.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Ralph Lauren presently has a consensus rating of “Hold” and a consensus price target of $88.66.
In other news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the transaction, the insider now directly owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.93% of the stock is owned by insiders.
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Ralph Lauren Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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