Ardevora Asset Management LLP purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 401,400 shares of the textile maker’s stock, valued at approximately $35,440,000. Ardevora Asset Management LLP owned about 0.49% of Ralph Lauren Corporation as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Ralph Lauren Corporation by 26.7% during the 2nd quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $428,744,000 after purchasing an additional 1,225,845 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ralph Lauren Corporation by 378.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock worth $324,786,000 after purchasing an additional 3,480,135 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Ralph Lauren Corporation by 10.8% during the 2nd quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock worth $105,042,000 after purchasing an additional 139,110 shares during the last quarter. Global Thematic Partners LLC increased its stake in shares of Ralph Lauren Corporation by 13.3% during the 2nd quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock worth $50,327,000 after purchasing an additional 79,864 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ralph Lauren Corporation by 45.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 618,317 shares of the textile maker’s stock worth $45,630,000 after purchasing an additional 194,350 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

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In other news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the transaction, the insider now directly owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.93% of the stock is currently owned by company insiders.

Ralph Lauren Corporation (NYSE:RL) traded up $0.04 during trading hours on Tuesday, hitting $86.67. 1,466,600 shares of the stock were exchanged, compared to its average volume of 1,576,959. The company has a market cap of $7,039.73, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.90 EPS. equities research analysts predict that Ralph Lauren Corporation will post 5.61 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. Cowen and Company reiterated a “hold” rating and issued a $80.00 target price (up from $78.00) on shares of Ralph Lauren Corporation in a research note on Tuesday, July 18th. Buckingham Research reiterated a “neutral” rating and issued a $68.00 target price on shares of Ralph Lauren Corporation in a research note on Monday, July 17th. TheStreet upgraded shares of Ralph Lauren Corporation from a “c” rating to a “b-” rating in a research note on Monday, November 6th. Atlantic Securities upgraded shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and raised their target price for the company from $68.00 to $93.00 in a research note on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Ralph Lauren Corporation in a research note on Tuesday, September 12th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Ralph Lauren Corporation has an average rating of “Hold” and a consensus target price of $88.77.

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

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