Tiverton Asset Management LLC Invests $383,000 in Ralph Lauren Corp (NYSE:RL)

Tiverton Asset Management LLC purchased a new stake in shares of Ralph Lauren Corp (NYSE:RL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,367 shares of the textile maker’s stock, valued at approximately $383,000.

Other hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP raised its stake in Ralph Lauren by 291.9% during the first quarter. Marshall Wace LLP now owns 735,437 shares of the textile maker’s stock worth $95,371,000 after purchasing an additional 547,787 shares during the period. Marshall Wace North America L.P. grew its stake in shares of Ralph Lauren by 323.4% in the 1st quarter. Marshall Wace North America L.P. now owns 257,893 shares of the textile maker’s stock valued at $33,444,000 after buying an additional 196,988 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Ralph Lauren by 4.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,106,694 shares of the textile maker’s stock worth $466,479,000 after buying an additional 171,700 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Ralph Lauren during the 1st quarter worth approximately $18,361,000. Finally, Victory Capital Management Inc. raised its position in shares of Ralph Lauren by 12,847.0% during the 1st quarter. Victory Capital Management Inc. now owns 105,518 shares of the textile maker’s stock valued at $13,684,000 after buying an additional 104,703 shares during the period. 65.70% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren stock traded up $1.24 during mid-day trading on Wednesday, hitting $99.94. The company had a trading volume of 57,057 shares, compared to its average volume of 1,339,068. The company has a quick ratio of 1.68, a current ratio of 2.30 and a debt-to-equity ratio of 0.72. Ralph Lauren Corp has a 1 year low of $82.69 and a 1 year high of $139.56. The business has a fifty day moving average of $94.19 and a 200 day moving average of $113.27. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.75 and a beta of 0.88.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Tuesday, July 30th. The textile maker reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ralph Lauren had a net margin of 6.91% and a return on equity of 18.33%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. Equities analysts anticipate that Ralph Lauren Corp will post 7.7 earnings per share for the current year.

Several research analysts recently weighed in on the company. ValuEngine lowered Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Bank of America reduced their target price on Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating on the stock in a research report on Monday, August 26th. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 price target (down from $155.00) on shares of Ralph Lauren in a report on Wednesday, July 31st. Finally, Deutsche Bank cut their price objective on Ralph Lauren from $160.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Ralph Lauren has an average rating of “Hold” and an average target price of $127.56.

In other news, major shareholder Family L.L.C. Lauren sold 35,714 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.06, for a total value of $3,037,832.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 392,854 shares of company stock valued at $42,170,377. 34.26% of the stock is owned by company insiders.

Ralph Lauren Company Profile

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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

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