Aquatic Capital Management LLC Increases Holdings in Ralph Lauren Corporation $RL

Aquatic Capital Management LLC increased its holdings in Ralph Lauren Corporation (NYSE:RL) by 166.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,716 shares of the textile maker’s stock after acquiring an additional 17,300 shares during the quarter. Aquatic Capital Management LLC’s holdings in Ralph Lauren were worth $8,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC boosted its position in shares of Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Ralph Lauren in the second quarter worth $28,000. MAI Capital Management raised its holdings in Ralph Lauren by 248.4% in the third quarter. MAI Capital Management now owns 108 shares of the textile maker’s stock worth $34,000 after purchasing an additional 77 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Ralph Lauren during the second quarter valued at $32,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Ralph Lauren by 57.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock valued at $39,000 after buying an additional 52 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of RL opened at $330.43 on Monday. The firm has a fifty day simple moving average of $359.71 and a two-hundred day simple moving average of $342.92. The firm has a market cap of $20.00 billion, a PE ratio of 22.49, a P/E/G ratio of 1.29 and a beta of 1.47. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $389.15.

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

Insider Activity at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the transaction, the chief executive officer owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on RL. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research note on Thursday, January 8th. Barclays raised their target price on shares of Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Zacks Research upgraded shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Guggenheim assumed coverage on Ralph Lauren in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings raised Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus target price of $389.06.

About Ralph Lauren

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.