Edmond DE Rothschild Holding S.A. Has $23.96 Million Holdings in Ralph Lauren Corporation (RL)
Edmond DE Rothschild Holding S.A. cut its position in Ralph Lauren Corporation (NYSE:RL) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 324,655 shares of the textile maker’s stock after selling 47,250 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.59% of Ralph Lauren Corporation worth $23,959,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Ralph Lauren Corporation in the first quarter worth $110,000. Northwestern Mutual Wealth Management Co. raised its holdings in Ralph Lauren Corporation by 7.5% in the second 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 during the period. Daiwa Securities Group Inc. raised its holdings in Ralph Lauren Corporation by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock worth $139,000 after purchasing an additional 300 shares during the period. Pacer Advisors Inc. raised its holdings in Ralph Lauren Corporation by 97.0% in the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after purchasing an additional 979 shares during the period. Finally, Engine Capital Management LLC acquired a new stake in Ralph Lauren Corporation in the first quarter worth $163,000. Institutional investors own 62.89% of the company’s stock.
A number of equities research analysts recently commented on the stock. Tigress Financial assumed coverage on shares of Ralph Lauren Corporation in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research lowered shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Credit Suisse Group upgraded shares of Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 price objective on the stock in a report on Friday, September 8th. BidaskClub upgraded shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $78.00 price objective (down from $82.00) on shares of Ralph Lauren Corporation in a report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $90.93.
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Ralph Lauren Corporation (RL) traded down 0.31% on Friday, reaching $90.54. 245,129 shares of the company were exchanged. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00. The stock’s market capitalization is $7.36 billion. The company’s 50-day moving average price is $84.83 and its 200-day moving average price is $78.13.
Ralph Lauren Corporation (NYSE:RL) last posted its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue was down 13.2% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren Corporation will post $5.32 earnings per share for the current fiscal year.
Ralph Lauren Corporation 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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