River & Mercantile Asset Management LLP purchased a new stake in Ralph Lauren Corp (NYSE:RL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,500 shares of the textile maker’s stock, valued at approximately $1,296,000.

Several other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Ralph Lauren by 49.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock valued at $581,581,000 after purchasing an additional 2,186,269 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Ralph Lauren by 35.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock valued at $136,894,000 after purchasing an additional 408,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ralph Lauren by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,436,343 shares of the textile maker’s stock valued at $127,633,000 after purchasing an additional 12,554 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock valued at $124,553,000 after purchasing an additional 1,279,221 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Ralph Lauren by 149.3% during the 4th quarter. American Century Companies Inc. now owns 933,827 shares of the textile maker’s stock valued at $96,829,000 after purchasing an additional 559,273 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Several equities research analysts recently commented on RL shares. Bank of America lowered Ralph Lauren from a “neutral” rating to an “underperform” rating and cut their target price for the company from $100.14 to $80.00 in a research report on Wednesday, December 13th. ValuEngine upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Piper Jaffray Companies set a $81.00 target price on Ralph Lauren and gave the company a “sell” rating in a research report on Thursday, October 19th. Cowen set a $95.00 target price on Ralph Lauren and gave the company a “hold” rating in a research report on Thursday, November 16th. Finally, Barclays upped their target price on Ralph Lauren from $84.00 to $87.00 and gave the company an “underweight” rating in a research report on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $96.93.

Ralph Lauren Corp (NYSE:RL) opened at $103.39 on Tuesday. The stock has a market capitalization of $8,411.15, a P/E ratio of -102.37, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. Ralph Lauren Corp has a fifty-two week low of $66.06 and a fifty-two week high of $119.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.16. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 earnings per share. equities analysts expect that Ralph Lauren Corp will post 5.93 EPS for the current year.

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About Ralph Lauren

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 (NYSE:RL)

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