ING Groep NV grew its stake in shares of Ralph Lauren Corp (NYSE:RL) by 101.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,126 shares of the textile maker’s stock after acquiring an additional 7,615 shares during the period. ING Groep NV’s holdings in Ralph Lauren were worth $2,081,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Ralph Lauren by 46.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,864,503 shares of the textile maker’s stock worth $360,125,000 after purchasing an additional 912,403 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Ralph Lauren by 48.6% during the 2nd quarter. Janus Henderson Group PLC now owns 887,629 shares of the textile maker’s stock worth $111,600,000 after purchasing an additional 290,386 shares during the last quarter. Millennium Management LLC raised its position in shares of Ralph Lauren by 46.8% during the 2nd quarter. Millennium Management LLC now owns 874,008 shares of the textile maker’s stock worth $109,880,000 after purchasing an additional 278,524 shares during the last quarter. FMR LLC raised its position in shares of Ralph Lauren by 71.7% during the 2nd quarter. FMR LLC now owns 680,963 shares of the textile maker’s stock worth $85,610,000 after purchasing an additional 284,396 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Ralph Lauren by 5.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 457,275 shares of the textile maker’s stock worth $62,981,000 after purchasing an additional 24,417 shares during the last quarter. Institutional investors own 70.08% of the company’s stock.

Several research analysts recently issued reports on the company. Barclays set a $124.00 price objective on Ralph Lauren and gave the stock a “sell” rating in a research report on Wednesday, November 7th. Wells Fargo & Co set a $130.00 price target on Ralph Lauren and gave the company a “hold” rating in a report on Tuesday, November 6th. Guggenheim reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, November 6th. Deutsche Bank initiated coverage on Ralph Lauren in a report on Monday, October 29th. They issued a “buy” rating and a $149.00 price target for the company. Finally, Buckingham Research boosted their price target on Ralph Lauren from $138.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, October 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $137.38.

Shares of RL opened at $119.82 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.17. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.73 and a beta of 0.68. Ralph Lauren Corp has a fifty-two week low of $85.91 and a fifty-two week high of $147.79.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a return on equity of 16.19% and a net margin of 3.82%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $1.99 EPS. Ralph Lauren’s revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Ralph Lauren Corp will post 6.78 EPS for the current year.

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About Ralph Lauren

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

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