WINTON GROUP Ltd Grows Position in Ralph Lauren Corporation $RL

WINTON GROUP Ltd raised its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 126.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,258 shares of the textile maker’s stock after purchasing an additional 2,377 shares during the quarter. WINTON GROUP Ltd’s holdings in Ralph Lauren were worth $1,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Engineers Gate Manager LP boosted its holdings in shares of Ralph Lauren by 1,002.1% in the 4th quarter. Engineers Gate Manager LP now owns 157,122 shares of the textile maker’s stock valued at $55,560,000 after acquiring an additional 142,865 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Ralph Lauren during the fourth quarter worth $3,110,000. Meeder Asset Management Inc. lifted its position in Ralph Lauren by 73.1% during the first quarter. Meeder Asset Management Inc. now owns 35,025 shares of the textile maker’s stock valued at $12,048,000 after purchasing an additional 14,788 shares during the period. Bank of Nova Scotia boosted its holdings in Ralph Lauren by 549.4% in the first quarter. Bank of Nova Scotia now owns 20,164 shares of the textile maker’s stock valued at $6,936,000 after purchasing an additional 17,059 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Ralph Lauren by 55.5% in the second quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock valued at $191,261,000 after purchasing an additional 170,091 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $338.72 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The firm has a fifty day moving average of $373.00 and a 200 day moving average of $368.78. The firm has a market cap of $20.18 billion, a PE ratio of 21.34, a PEG ratio of 1.27 and a beta of 1.34. Ralph Lauren Corporation has a one year low of $299.98 and a one year high of $421.60.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $3.77 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts predict that Ralph Lauren Corporation will post 18.79 EPS for the current fiscal year.

Analyst Ratings Changes

RL has been the subject of a number of recent research reports. Citigroup lifted their price objective on Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Telsey Advisory Group raised their target price on Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Evercore reissued an “outperform” rating and issued a $460.00 price target on shares of Ralph Lauren in a report on Friday, August 7th. Finally, BTIG Research upped their price objective on Ralph Lauren from $450.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $445.67.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.