Ralph Lauren Corp (RL) Holdings Raised by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP grew its stake in shares of Ralph Lauren Corp (NYSE:RL) by 10.1% in the third quarter, HoldingsChannel.com reports. The fund owned 31,726 shares of the textile maker’s stock after acquiring an additional 2,922 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Ralph Lauren were worth $4,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd grew its position in shares of Ralph Lauren by 20.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 2,515 shares of the textile maker’s stock valued at $346,000 after acquiring an additional 431 shares during the period. Standard Life Aberdeen plc lifted its stake in shares of Ralph Lauren by 0.4% during the 3rd quarter. Standard Life Aberdeen plc now owns 137,708 shares of the textile maker’s stock valued at $18,941,000 after buying an additional 489 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Ralph Lauren by 1.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,059 shares of the textile maker’s stock valued at $5,667,000 after buying an additional 506 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Ralph Lauren by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 69,790 shares of the textile maker’s stock valued at $9,600,000 after buying an additional 516 shares in the last quarter. Finally, Carillon Tower Advisers Inc. lifted its stake in shares of Ralph Lauren by 0.6% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 83,125 shares of the textile maker’s stock valued at $11,434,000 after buying an additional 525 shares in the last quarter. 70.16% of the stock is owned by hedge funds and other institutional investors.

NYSE RL opened at $104.90 on Friday. Ralph Lauren Corp has a 1 year low of $95.73 and a 1 year high of $147.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.17 and a current ratio of 2.98. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.55 and a beta of 0.63.

Ralph Lauren (NYSE:RL) last posted its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company posted $1.99 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that Ralph Lauren Corp will post 6.79 EPS for the current fiscal year.

A number of analysts recently commented on RL shares. Deutsche Bank started coverage on shares of Ralph Lauren in a research note on Monday, October 29th. They set a “buy” rating and a $149.00 price target on the stock. Citigroup dropped their price target on shares of Ralph Lauren from $139.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, December 3rd. Guggenheim restated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, November 6th. Piper Jaffray Companies upgraded shares of Ralph Lauren from an “underweight” rating to a “neutral” rating and set a $125.00 price target on the stock in a research note on Thursday, September 20th. Finally, Wells Fargo & Co set a $130.00 price target on shares of Ralph Lauren and gave the company a “hold” rating in a research note on Tuesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $136.69.

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Ralph Lauren Profile

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

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