Commonwealth Bank of Australia boosted its position in Ralph Lauren Corp (NYSE:RL) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,596 shares of the textile maker’s stock after purchasing an additional 1,300 shares during the quarter. Commonwealth Bank of Australia’s holdings in Ralph Lauren were worth $2,003,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in Ralph Lauren in the 2nd quarter valued at about $150,000. Financial Architects Inc lifted its position in Ralph Lauren by 498.6% in the 2nd quarter. Financial Architects Inc now owns 1,251 shares of the textile maker’s stock valued at $158,000 after purchasing an additional 1,042 shares during the last quarter. Lourd Capital LLC bought a new stake in Ralph Lauren in the 3rd quarter valued at about $205,000. Engineers Gate Manager LP bought a new stake in Ralph Lauren in the 3rd quarter valued at about $206,000. Finally, Visionary Asset Management Inc. bought a new stake in Ralph Lauren in the 2nd quarter valued at about $203,000. Hedge funds and other institutional investors own 67.78% of the company’s stock.

RL stock opened at $111.38 on Wednesday. Ralph Lauren Corp has a 52 week low of $88.86 and a 52 week high of $147.79. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.67 and a beta of 0.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.17 and a current ratio of 2.98.

Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, November 6th. The textile maker reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $1.99 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts expect that Ralph Lauren Corp will post 6.79 EPS for the current year.

A number of research firms have commented on RL. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Thursday, October 4th. JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $141.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. Guggenheim restated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, November 6th. Wells Fargo & Co set a $130.00 price target on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Finally, Royal Bank of Canada set a $140.00 price target on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Ralph Lauren currently has a consensus rating of “Hold” and a consensus price target of $137.38.

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About Ralph Lauren

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.

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

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