Chartwell Investment Partners LLC Boosts Stake in Ralph Lauren Corp (RL)

Chartwell Investment Partners LLC lifted its stake in Ralph Lauren Corp (NYSE:RL) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,412 shares of the textile maker’s stock after acquiring an additional 685 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Ralph Lauren were worth $2,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Bank of Australia grew its position in shares of Ralph Lauren by 9.8% in the third quarter. Commonwealth Bank of Australia now owns 14,596 shares of the textile maker’s stock valued at $2,003,000 after purchasing an additional 1,300 shares during the last quarter. MML Investors Services LLC grew its position in shares of Ralph Lauren by 326.6% in the third quarter. MML Investors Services LLC now owns 13,907 shares of the textile maker’s stock valued at $1,913,000 after purchasing an additional 10,647 shares during the last quarter. Ffcm LLC grew its position in shares of Ralph Lauren by 17.5% in the third quarter. Ffcm LLC now owns 6,871 shares of the textile maker’s stock valued at $945,000 after purchasing an additional 1,021 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Ralph Lauren by 3.3% in the third quarter. Toronto Dominion Bank now owns 41,305 shares of the textile maker’s stock valued at $5,680,000 after purchasing an additional 1,306 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Ralph Lauren by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 1,930,528 shares of the textile maker’s stock valued at $265,544,000 after purchasing an additional 106,003 shares during the last quarter. 67.78% of the stock is currently owned by institutional investors and hedge funds.

NYSE RL opened at $113.44 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.17. Ralph Lauren Corp has a twelve month low of $88.80 and a twelve month high of $147.79. The stock has a market capitalization of $9.43 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.67 and a beta of 0.68.

Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $1.99 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Ralph Lauren Corp will post 6.79 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. ValuEngine downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America raised their price target on Ralph Lauren from $113.00 to $117.00 and gave the company a “sell” rating in a research report on Wednesday, August 1st. Credit Suisse Group raised their price target on Ralph Lauren from $153.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Buckingham Research raised their price target on Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Three equities research 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. The stock presently has a consensus rating of “Hold” and an average target price 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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