Ralph Lauren Corporation (RL) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. lifted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 358.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,195 shares of the textile maker’s stock after buying an additional 7,969 shares during the period. Pacer Advisors Inc.’s holdings in Ralph Lauren were worth $900,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Ralph Lauren by 49.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock worth $581,581,000 after buying an additional 2,186,269 shares in the last quarter. BlackRock Inc. grew its position in Ralph Lauren by 26.7% during the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $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% during the 2nd quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock worth $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% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $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% during the 2nd quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock worth $50,327,000 after acquiring an additional 79,864 shares during the last quarter. 67.33% of the stock is owned by institutional investors.
In other Ralph Lauren news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $91.22, for a total value of $218,928.00. Following the sale, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 32.93% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Cowen Inc set a $89.00 price objective on Ralph Lauren and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Buckingham Research boosted their price objective on Ralph Lauren from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 13th. Needham & Company LLC restated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, September 12th. Atlantic Securities upgraded Ralph Lauren from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $68.00 to $93.00 in a research report on Wednesday, August 9th. Finally, TheStreet upgraded Ralph Lauren from a “c” rating to a “b-” rating in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued 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 price target of $88.66.
Ralph Lauren Corporation (NYSE:RL) traded down $0.53 during midday trading on Friday, hitting $91.42. The company’s stock had a trading volume of 526,570 shares, compared to its average volume of 1,656,566. Ralph Lauren Corporation has a 1 year low of $66.06 and a 1 year high of $113.06. The company has a market cap of $7,430.16, a price-to-earnings ratio of 15.63, a PEG ratio of 1.10 and a beta of 0.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55.
Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The business’s revenue was down 8.6% on a year-over-year basis. analysts forecast that Ralph Lauren Corporation will post 5.56 earnings per share for the current year.
About Ralph Lauren
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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