DekaBank Deutsche Girozentrale decreased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 42.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,319 shares of the textile maker’s stock after selling 41,731 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Ralph Lauren Corporation worth $4,965,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Ralph Lauren Corporation by 26.7% in the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after buying an additional 1,225,845 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Ralph Lauren Corporation 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 valued at $324,786,000 after buying an additional 3,480,135 shares during the period. American Century Companies Inc. raised its holdings in shares of Ralph Lauren Corporation by 10.8% in the 2nd quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock valued at $105,042,000 after buying an additional 139,110 shares during the period. Global Thematic Partners LLC raised its holdings in shares of Ralph Lauren Corporation by 13.3% in the 2nd quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock valued at $50,327,000 after buying an additional 79,864 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ralph Lauren Corporation by 45.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 618,317 shares of the textile maker’s stock valued at $45,630,000 after buying an additional 194,350 shares during the period. Hedge funds and other institutional investors own 67.33% of the company’s stock.
In other Ralph Lauren Corporation news, insider Valerie Hermann sold 2,400 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the sale, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 32.93% of the stock is currently owned by corporate insiders.
Shares of Ralph Lauren Corporation (NYSE:RL) opened at $89.11 on Monday. The firm has a market capitalization of $7,242.42, a P/E ratio of 15.23, a P/E/G ratio of 1.07 and a beta of 0.63. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08. Ralph Lauren Corporation has a fifty-two week low of $66.06 and a fifty-two week high of $114.00.
Ralph Lauren Corporation (NYSE:RL) last announced its earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. Ralph Lauren Corporation’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS. analysts expect that Ralph Lauren Corporation will post 5.56 earnings per share for the current year.
RL has been the topic of several research analyst reports. Cowen and Company set a $89.00 price objective on Ralph Lauren Corporation and gave the company a “hold” rating in a report on Tuesday, October 24th. Macquarie raised Ralph Lauren Corporation to a “buy” rating and boosted their target price for the stock from $96.00 to $100.00 in a research note on Tuesday, September 5th. Tigress Financial reissued a “hold” rating on shares of Ralph Lauren Corporation in a research note on Thursday, September 28th. Miller Tabak cut Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Atlantic Securities raised Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $68.00 to $93.00 in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $88.66.
About Ralph Lauren Corporation
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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