Schroder Investment Management Group increased its stake in shares of Ralph Lauren Corp (NYSE:RL) by 6.5% during the 4th quarter, Holdings Channel reports. The fund owned 106,495 shares of the textile maker’s stock after purchasing an additional 6,519 shares during the quarter. Schroder Investment Management Group’s holdings in Ralph Lauren were worth $11,043,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. 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. First Allied Advisory Services Inc. bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $223,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $259,000. Institutional investors and hedge funds own 69.58% of the company’s stock.
RL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Bank of America lowered Ralph Lauren from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $100.14 to $80.00 in a research report on Wednesday, December 13th. Citigroup lifted their price objective on Ralph Lauren from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Cowen set a $97.00 price objective on Ralph Lauren and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $98.05.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.16. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share. analysts expect that Ralph Lauren Corp will post 5.93 earnings per share for the current year.
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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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