Perpetual Ltd Acquires 35,661 Shares of Ralph Lauren Co. (NYSE:RL)

Perpetual Ltd lifted its stake in Ralph Lauren Co. (NYSE:RL – Free Report) by 19.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,179 shares of the textile maker’s stock after acquiring an additional 35,661 shares during the period. Perpetual Ltd owned 0.34% of Ralph Lauren worth $25,677,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Ralph Lauren by 1.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,285 shares of the textile maker’s stock valued at $898,000 after buying an additional 83 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Ralph Lauren by 1.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,036 shares of the textile maker’s stock worth $744,000 after purchasing an additional 85 shares in the last quarter. Signaturefd LLC grew its stake in Ralph Lauren by 74.8% during the 2nd quarter. Signaturefd LLC now owns 215 shares of the textile maker’s stock worth $27,000 after buying an additional 92 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Ralph Lauren by 5.4% during the 2nd quarter. New Mexico Educational Retirement Board now owns 1,964 shares of the textile maker’s stock valued at $242,000 after buying an additional 100 shares in the last quarter. Finally, Keene & Associates Inc. boosted its holdings in Ralph Lauren by 4.4% in the second quarter. Keene & Associates Inc. now owns 2,386 shares of the textile maker’s stock worth $294,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 0.1 %

NYSE RL traded up $0.15 on Friday, reaching $142.00. 338,519 shares of the company were exchanged, compared to its average volume of 886,891. The company has a current ratio of 2.11, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $120.37 and its 200 day moving average price is $120.13. The stock has a market capitalization of $9.18 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.16 and a beta of 1.43. Ralph Lauren Co. has a fifty-two week low of $100.82 and a fifty-two week high of $144.05.

Ralph Lauren (NYSE:RL – Get Free Report) last released its quarterly earnings data on Wednesday, November 8th. The textile maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.18. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Ralph Lauren had a net margin of 8.12% and a return on equity of 24.14%. Ralph Lauren’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $2.23 earnings per share. Analysts forecast that Ralph Lauren Co. will post 9.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RL. UBS Group raised their target price on Ralph Lauren from $162.00 to $164.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Ralph Lauren in a report on Thursday, November 9th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Guggenheim upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and set a $166.00 price objective on the stock in a research report on Monday, September 18th. Finally, TD Cowen boosted their target price on shares of Ralph Lauren from $142.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.06.

Check Out Our Latest Stock Report on Ralph Lauren

Ralph Lauren Profile (Free Report)

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.

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