ETRADE Capital Management LLC Purchases Shares of 6,059 Ralph Lauren Corp (RL)
ETRADE Capital Management LLC purchased a new stake in Ralph Lauren Corp (NYSE:RL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,059 shares of the textile maker’s stock, valued at approximately $535,000.
A number of other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in Ralph Lauren by 49.7% in the third quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock valued at $581,581,000 after purchasing an additional 2,186,269 shares in the last quarter. BlackRock Inc. grew its position in Ralph Lauren by 26.7% in the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after acquiring an additional 1,225,845 shares during the last quarter. American Century Companies Inc. grew its position in Ralph Lauren by 10.8% in the second quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock valued at $105,042,000 after acquiring an additional 139,110 shares during the last quarter. Ameriprise Financial Inc. grew its position in Ralph Lauren by 973.3% in the third quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock valued at $124,553,000 after acquiring an additional 1,279,221 shares during the last quarter. Finally, Global Thematic Partners LLC grew its position in Ralph Lauren by 13.3% in the second quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock valued at $50,327,000 after acquiring an additional 79,864 shares during the last quarter. 66.94% of the stock is owned by institutional investors and hedge funds.
Ralph Lauren Corp (NYSE:RL) traded up $0.45 during trading hours on Friday, hitting $95.60. The stock had a trading volume of 1,213,261 shares, compared to its average volume of 1,241,959. The company has a market capitalization of $7,733.32, a PE ratio of 16.26, a P/E/G ratio of 1.14 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. Ralph Lauren Corp has a 52 week low of $66.06 and a 52 week high of $110.42.
Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 earnings per share. equities analysts forecast that Ralph Lauren Corp will post 5.56 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. ValuEngine upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday. Piper Jaffray Companies reiterated a “sell” rating and issued a $81.00 target price on shares of Ralph Lauren in a research report on Thursday, August 10th. UBS reiterated a “positive” rating and issued a $90.00 target price (up previously from $73.00) on shares of Ralph Lauren in a research report on Wednesday, August 9th. Atlantic Securities upgraded Ralph Lauren from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $68.00 to $93.00 in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $88.00 target price on Ralph Lauren and gave the company a “hold” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $88.66.
In other news, insider Valerie Hermann sold 2,400 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the sale, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 32.93% of the company’s stock.
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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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