Chartwell Investment Partners LLC bought a new position in shares of Ralph Lauren Corp (NYSE:RL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 37,145 shares of the textile maker’s stock, valued at approximately $3,852,000.
A number of other large investors have also recently added to or reduced their stakes in RL. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Ralph Lauren in the 3rd quarter worth approximately $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Ralph Lauren in the 3rd quarter worth approximately $209,000. Cigna Investments Inc. New bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $214,000. Candriam Luxembourg S.C.A. bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $259,000. Finally, Parametrica Management Ltd bought a new stake in shares of Ralph Lauren in the 3rd quarter worth approximately $263,000. 67.38% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on RL shares. Cowen set a $89.00 price target on Ralph Lauren and gave the stock a “hold” rating in a report on Tuesday, October 24th. ValuEngine raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Ralph Lauren from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Royal Bank of Canada reissued a “hold” rating and issued a $113.00 price target on shares of Ralph Lauren in a report on Friday, February 2nd. Finally, Bank of America raised their price target on Ralph Lauren from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $98.05.
Shares of Ralph Lauren Corp (NYSE RL) opened at $105.59 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.07. The firm has a market capitalization of $8,581.83, a price-to-earnings ratio of -104.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.65. Ralph Lauren Corp has a 12 month low of $66.06 and a 12 month high of $119.33.
Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. equities research analysts expect that Ralph Lauren Corp will post 5.93 earnings per share for the current fiscal year.
Ralph Lauren Company 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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