Shell Asset Management Co. Increases Stake in Ralph Lauren Corporation (RL)

Shell Asset Management Co. boosted its holdings in Ralph Lauren Corporation (NYSE:RL) by 123.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,276 shares of the textile maker’s stock after acquiring an additional 5,124 shares during the quarter. Shell Asset Management Co.’s holdings in Ralph Lauren Corporation were worth $1,528,000 at the end of the most recent quarter.

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

RL has been the subject of several recent research reports. Cowen and Company reiterated a “hold” rating and set a $89.00 price objective on shares of Ralph Lauren Corporation in a report on Sunday, September 17th. Bank of America Corporation restated a “neutral” rating and set a $80.00 target price on shares of Ralph Lauren Corporation in a report on Thursday, July 27th. Buckingham Research restated a “neutral” rating and set a $68.00 target price on shares of Ralph Lauren Corporation in a report on Monday, July 17th. Zacks Investment Research upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Tuesday, October 10th. Finally, BidaskClub upgraded Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $88.77.

In related news, insider Valerie Hermann sold 2,400 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the sale, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.93% of the company’s stock.

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Shares of Ralph Lauren Corporation (NYSE:RL) traded up $0.04 during mid-day trading 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 debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. The company has a market cap of $7,039.73, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. Ralph Lauren Corporation has a 12 month low of $66.06 and a 12 month high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS. research analysts anticipate that Ralph Lauren Corporation will post 5.61 EPS for the current fiscal year.

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.

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

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