Pictet Asset Management Ltd. raised its position in Ralph Lauren Corporation (NYSE:RL) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,862 shares of the textile maker’s stock after acquiring an additional 700 shares during the period. Pictet Asset Management Ltd.’s holdings in Ralph Lauren Corporation were worth $2,548,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Ralph Lauren Corporation by 26.7% in the 2nd 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Ralph Lauren Corporation by 378.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock worth $324,786,000 after buying an additional 3,480,135 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ralph Lauren Corporation by 10.8% in the 2nd quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock worth $105,042,000 after buying an additional 139,110 shares in the last quarter. Global Thematic Partners LLC raised its holdings in shares of Ralph Lauren Corporation by 13.3% in the 2nd quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock worth $50,327,000 after buying an additional 79,864 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ralph Lauren Corporation by 45.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 618,317 shares of the textile maker’s stock worth $45,630,000 after buying an additional 194,350 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Corporation (NYSE:RL) opened at $86.67 on Tuesday. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month 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 stock has a market capitalization of $7,039.73, a price-to-earnings ratio of 14.81, a PEG ratio of 1.03 and a beta of 0.63.

Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The firm’s revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. research analysts anticipate that Ralph Lauren Corporation will post 5.61 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Cowen and Company reissued a “hold” rating and issued a $89.00 target price on shares of Ralph Lauren Corporation in a report on Sunday, September 17th. Bank of America Corporation reissued a “neutral” rating and issued a $80.00 target price on shares of Ralph Lauren Corporation in a report on Thursday, July 27th. Buckingham Research reissued a “neutral” rating and issued a $68.00 target price on shares of Ralph Lauren Corporation in a report on Monday, July 17th. Zacks Investment Research raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, October 10th. Finally, BidaskClub raised Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Ralph Lauren Corporation has a consensus rating of “Hold” and an average target price of $88.77.

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In related news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction on 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 owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.93% of the company’s stock.

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)

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