Nordea Investment Management AB grew its holdings in Ralph Lauren Corp (NYSE:RL) by 205.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,368 shares of the textile maker’s stock after purchasing an additional 4,281 shares during the period. Nordea Investment Management AB’s holdings in Ralph Lauren were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RL. Bank of New York Mellon Corp increased its stake in Ralph Lauren 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 purchasing an additional 3,480,135 shares during the period. Ameriprise Financial Inc. increased its stake in Ralph Lauren by 973.3% in the third quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after purchasing an additional 1,279,221 shares during the period. BlackRock Inc. increased its stake in shares of Ralph Lauren by 26.7% during the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after buying an additional 1,225,845 shares during the period. Ardevora Asset Management LLP purchased a new position in shares of Ralph Lauren during the third quarter valued at $35,440,000. Finally, Bridgewater Associates LP increased its stake in shares of Ralph Lauren by 3,703.5% during the second quarter. Bridgewater Associates LP now owns 317,058 shares of the textile maker’s stock valued at $23,399,000 after buying an additional 308,722 shares during the period. Institutional investors and hedge funds own 66.98% of the company’s stock.

Shares of Ralph Lauren Corp (RL) traded up $2.37 during midday trading on Friday, reaching $102.34. The company’s stock had a trading volume of 1,152,115 shares, compared to its average volume of 1,117,484. 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 firm has a market capitalization of $8,317.68, a P/E ratio of 17.49, a PEG ratio of 1.23 and a beta of 0.66. Ralph Lauren Corp has a fifty-two week low of $66.06 and a fifty-two week high of $109.74.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $1.90 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. analysts expect that Ralph Lauren Corp will post 5.56 EPS for the current year.

In related news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the sale, the insider now owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 32.93% of the company’s stock.

Several brokerages have recently commented on RL. Cowen restated a “hold” rating and set a $89.00 price target on shares of Ralph Lauren in a research note on Sunday, September 17th. ValuEngine upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating and set a $88.00 price target on shares of Ralph Lauren in a research note on Thursday, October 5th. Finally, Buckingham Research raised their price target on Ralph Lauren from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $88.66.

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Ralph Lauren Company 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 (NYSE:RL)

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