Crossmark Global Holdings Inc. bought a new position in Ralph Lauren Corporation (NYSE:RL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,006 shares of the textile maker’s stock, valued at approximately $530,000.
Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ralph Lauren Corporation by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after purchasing an additional 96 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ralph Lauren Corporation by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after purchasing an additional 238 shares in the last quarter. TLP Group LLC increased its holdings in shares of Ralph Lauren Corporation by 5,614.8% in the 2nd quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock worth $257,000 after purchasing an additional 3,425 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of Ralph Lauren Corporation by 1.7% in the 2nd quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock worth $272,000 after purchasing an additional 60 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of Ralph Lauren Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock worth $276,000 after acquiring an additional 12 shares during the period. 66.46% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on RL shares. Cowen and Company set a $89.00 price objective on Ralph Lauren Corporation and gave the stock a “hold” rating in a report on Tuesday, October 24th. Macquarie raised Ralph Lauren Corporation to a “buy” rating and lifted their price objective for the stock from $96.00 to $100.00 in a report on Tuesday, September 5th. Tigress Financial reaffirmed a “hold” rating on shares of Ralph Lauren Corporation in a report on Thursday, September 28th. Miller Tabak lowered Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Atlantic Securities raised Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $68.00 to $93.00 in a report on Wednesday, August 9th. 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 company. The company presently has an average rating of “Hold” and a consensus price target of $88.66.
Ralph Lauren Corporation (RL) opened at $89.11 on Friday. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00. The company has a market capitalization of $7,241.26, a PE ratio of 15.23, a PEG ratio of 1.06 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 Corporation (NYSE:RL) last announced its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The business’s revenue was down 8.6% on a year-over-year basis. sell-side analysts predict that Ralph Lauren Corporation will post 5.56 EPS for the current fiscal year.
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About Ralph Lauren Corporation
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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