Algert Global LLC Increases Stock Position in Ralph Lauren Corporation $RL

Algert Global LLC increased its holdings in Ralph Lauren Corporation (NYSE:RL) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,140 shares of the textile maker’s stock after acquiring an additional 6,018 shares during the quarter. Algert Global LLC owned approximately 0.10% of Ralph Lauren worth $19,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RL. Rothschild Investment LLC grew its position in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren in the second quarter valued at about $28,000. MAI Capital Management boosted its stake in shares of Ralph Lauren by 248.4% during the third quarter. MAI Capital Management now owns 108 shares of the textile maker’s stock worth $34,000 after buying an additional 77 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Ralph Lauren during the second quarter worth about $32,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Ralph Lauren by 57.1% during the second quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 38.34% of the stock is currently owned by company insiders.

Ralph Lauren Stock Down 1.4%

RL opened at $330.43 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $389.15. The stock has a market capitalization of $20.00 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.29 and a beta of 1.47. The business has a 50 day simple moving average of $359.71 and a 200-day simple moving average of $342.58.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company posted $4.82 earnings per share. Ralph Lauren’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RL. Guggenheim began coverage on Ralph Lauren in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Weiss Ratings upgraded Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, March 3rd. BTIG Research boosted their target price on Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a report on Friday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $435.00 price target on shares of Ralph Lauren in a research note on Thursday, February 5th. Finally, Barclays increased their price target on Ralph Lauren from $416.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $389.06.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.