State of Wisconsin Investment Board Acquires 2,029 Shares of Ralph Lauren Corporation (RL)

State of Wisconsin Investment Board increased its holdings in Ralph Lauren Corporation (NYSE:RL) by 10.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,221 shares of the textile maker’s stock after buying an additional 2,029 shares during the period. State of Wisconsin Investment Board’s holdings in Ralph Lauren Corporation were worth $1,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Ralph Lauren Corporation by 378.0% during the second 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. BlackRock Inc. increased its position in shares of Ralph Lauren Corporation by 26.7% during the second 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. Bridgewater Associates LP increased its position in shares of Ralph Lauren Corporation by 3,703.5% during the second quarter. Bridgewater Associates LP now owns 317,058 shares of the textile maker’s stock worth $23,399,000 after purchasing an additional 308,722 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of Ralph Lauren Corporation by 1,850.8% during the second quarter. Balyasny Asset Management LLC now owns 276,294 shares of the textile maker’s stock worth $20,390,000 after purchasing an additional 262,131 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Ralph Lauren Corporation by 706.6% during the second quarter. Sei Investments Co. now owns 285,746 shares of the textile maker’s stock worth $21,087,000 after purchasing an additional 250,321 shares in the last quarter. 67.33% of the stock is owned by institutional investors.

Shares of Ralph Lauren Corporation (RL) opened at $91.94 on Thursday. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55. The company has a market cap of $7,336.69, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.08 and a beta of 0.63.

Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The firm’s revenue was down 8.6% on a year-over-year basis. equities research analysts anticipate that Ralph Lauren Corporation will post 5.56 EPS for the current year.

In other Ralph Lauren Corporation news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the sale, the insider now directly owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 32.93% of the stock is currently owned by corporate insiders.

RL has been the topic of a number of recent analyst reports. Bank of America Corporation reaffirmed a “neutral” rating and set a $80.00 price target on shares of Ralph Lauren Corporation in a research report on Thursday, July 27th. Royal Bank Of Canada set a $88.00 price target on Ralph Lauren Corporation and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Atlantic Securities raised Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $68.00 to $93.00 in a research report on Wednesday, August 9th. UBS Group AG reaffirmed a “positive” rating and set a $90.00 price target (up from $73.00) on shares of Ralph Lauren Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub raised Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Ralph Lauren Corporation presently has a consensus rating of “Hold” and a consensus price target of $88.66.

ILLEGAL ACTIVITY WARNING: “State of Wisconsin Investment Board Acquires 2,029 Shares of Ralph Lauren Corporation (RL)” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/11/23/state-of-wisconsin-investment-board-acquires-2029-shares-of-ralph-lauren-corporation-rl.html.

Ralph Lauren Corporation 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.

Institutional Ownership by Quarter for Ralph Lauren Corporation (NYSE:RL)

Receive News & Ratings for Ralph Lauren Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply