Ralph Lauren Corp (RL) Holdings Lowered by Commonwealth Bank of Australia

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Commonwealth Bank of Australia trimmed its stake in shares of Ralph Lauren Corp (NYSE:RL) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,496 shares of the textile maker’s stock after selling 100 shares during the quarter. Commonwealth Bank of Australia’s holdings in Ralph Lauren were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in RL. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Ralph Lauren during the 4th quarter worth about $26,000. Oregon Public Employees Retirement Fund raised its position in shares of Ralph Lauren by 11,845.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,726,585 shares of the textile maker’s stock worth $26,000 after buying an additional 2,703,760 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $59,000. ETF Managers Group LLC raised its holdings in shares of Ralph Lauren by 17.5% in the 4th quarter. ETF Managers Group LLC now owns 1,183 shares of the textile maker’s stock worth $122,000 after purchasing an additional 176 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Ralph Lauren in the 3rd quarter worth approximately $206,000. Institutional investors own 65.84% of the company’s stock.

In other news, Director Joyce F. Brown sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $126.00, for a total transaction of $252,000.00. Following the sale, the director now owns 7,278 shares in the company, valued at $917,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Valerie Hermann sold 10,400 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $126.15, for a total transaction of $1,311,960.00. Following the sale, the insider now owns 38,340 shares in the company, valued at approximately $4,836,591. The disclosure for this sale can be found here. 32.49% of the stock is owned by insiders.

RL stock opened at $121.53 on Friday. Ralph Lauren Corp has a 52-week low of $95.63 and a 52-week high of $147.79. The company has a current ratio of 2.90, a quick ratio of 2.18 and a debt-to-equity ratio of 0.20. The company has a market cap of $9.66 billion, a PE ratio of 20.15, a PEG ratio of 1.70 and a beta of 0.69.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Tuesday, February 5th. The textile maker reported $2.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.17. Ralph Lauren had a net margin of 6.95% and a return on equity of 16.85%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business earned $2.03 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren Corp will post 7.03 EPS for the current fiscal year.

RL has been the topic of a number of research reports. UBS Group upgraded shares of Ralph Lauren from a “sell” rating to a “neutral” rating in a report on Monday, January 7th. Telsey Advisory Group upgraded shares of Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a report on Thursday, January 31st. Needham & Company LLC upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Thursday, January 10th. Wells Fargo & Co dropped their target price on shares of Ralph Lauren from $130.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd. Finally, Buckingham Research upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $135.06.

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Ralph Lauren Company 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.

Further Reading: How to use beta for portfolio diversification

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

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