Stone Ridge Asset Management LLC reduced its holdings in Ralph Lauren Corp (NYSE:RL) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,059 shares of the textile maker’s stock after selling 500 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Ralph Lauren were worth $3,524,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $26,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Ralph Lauren by 44.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock worth $31,000 after buying an additional 92 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $59,000. ETF Managers Group LLC grew its position in shares of Ralph Lauren by 17.5% in the 4th quarter. ETF Managers Group LLC now owns 1,183 shares of the textile maker’s stock worth $122,000 after buying an additional 176 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Ralph Lauren in the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.
In other Ralph Lauren news, Director Joyce F. Brown sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total value of $252,000.00. Following the sale, the director now directly owns 7,278 shares of the company’s stock, valued at $917,028. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Valerie Hermann sold 10,400 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $126.15, for a total value of $1,311,960.00. Following the completion of the transaction, the insider now owns 38,340 shares of the company’s stock, valued at approximately $4,836,591. The disclosure for this sale can be found here. Insiders own 32.49% of the company’s stock.
Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, February 5th. The textile maker reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.17. Ralph Lauren had a return on equity of 16.85% and a net margin of 6.95%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts predict that Ralph Lauren Corp will post 7.03 EPS for the current year.
RL has been the topic of a number of recent analyst reports. Buckingham Research upgraded Ralph Lauren from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. UBS Group upgraded Ralph Lauren from a “sell” rating to a “neutral” rating in a research report on Monday, January 7th. Needham & Company LLC upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Thursday, January 10th. Wells Fargo & Co set a $130.00 price target on Ralph Lauren and gave the company a “hold” rating in a research report on Tuesday, February 5th. Finally, Telsey Advisory Group upgraded Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $155.00 price target on the stock in a research report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Ralph Lauren currently has an average rating of “Hold” and a consensus price target of $135.35.
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Ralph Lauren Company Profile
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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