Axa lessened its stake in Ralph Lauren Corp (NYSE:RL) by 11.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,257 shares of the textile maker’s stock after selling 50,000 shares during the period. Axa owned 0.46% of Ralph Lauren worth $50,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Schroder Investment Management Group boosted its position in shares of Ralph Lauren by 95.4% during the 2nd quarter. Schroder Investment Management Group now owns 149,191 shares of the textile maker’s stock valued at $18,938,000 after purchasing an additional 72,837 shares in the last quarter. First Midwest Bank Trust Division boosted its position in shares of Ralph Lauren by 16.2% during the 3rd quarter. First Midwest Bank Trust Division now owns 7,102 shares of the textile maker’s stock valued at $977,000 after purchasing an additional 992 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Ralph Lauren by 46.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,864,503 shares of the textile maker’s stock valued at $360,125,000 after purchasing an additional 912,403 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Ralph Lauren during the 2nd quarter valued at about $6,035,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Ralph Lauren by 6.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 49,976 shares of the textile maker’s stock valued at $6,283,000 after purchasing an additional 3,127 shares in the last quarter. Hedge funds and other institutional investors own 67.78% of the company’s stock.

Shares of RL opened at $113.44 on Tuesday. The company has a quick ratio of 2.17, a current ratio of 2.98 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.67 and a beta of 0.68. Ralph Lauren Corp has a one year low of $88.80 and a one year high of $147.79.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.10. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, analysts anticipate that Ralph Lauren Corp will post 6.79 earnings per share for the current fiscal year.

Several brokerages have commented on RL. Zacks Investment Research cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Royal Bank of Canada set a $140.00 target price on shares of Ralph Lauren and gave the stock a “hold” rating in a report on Tuesday, July 31st. Credit Suisse Group raised their target price on shares of Ralph Lauren from $153.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Bank of America raised their target price on shares of Ralph Lauren from $113.00 to $117.00 and gave the stock a “sell” rating in a report on Wednesday, August 1st. Finally, Barclays raised their target price on shares of Ralph Lauren from $114.00 to $118.00 and gave the stock an “underweight” rating in a report on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Ralph Lauren has an average rating of “Hold” and an average target price of $137.38.

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Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

Further Reading: Correction

Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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