Carillon Tower Advisers Inc. Grows Position in Ralph Lauren Corp (RL)

Carillon Tower Advisers Inc. boosted its holdings in Ralph Lauren Corp (NYSE:RL) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,125 shares of the textile maker’s stock after purchasing an additional 525 shares during the quarter. Carillon Tower Advisers Inc. owned about 0.10% of Ralph Lauren worth $11,434,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Westpac Banking Corp grew its stake in shares of Ralph Lauren by 26.7% during the 3rd quarter. Westpac Banking Corp now owns 66,597 shares of the textile maker’s stock worth $9,160,000 after purchasing an additional 14,027 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Ralph Lauren by 1,163.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 225,141 shares of the textile maker’s stock worth $30,968,000 after purchasing an additional 207,328 shares during the period. Bank of Hawaii grew its stake in shares of Ralph Lauren by 19.6% during the 3rd quarter. Bank of Hawaii now owns 8,425 shares of the textile maker’s stock worth $1,159,000 after purchasing an additional 1,380 shares during the period. FMR LLC grew its stake in shares of Ralph Lauren by 84.6% during the 3rd quarter. FMR LLC now owns 1,257,318 shares of the textile maker’s stock worth $172,944,000 after purchasing an additional 576,355 shares during the period. Finally, Ffcm LLC grew its stake in shares of Ralph Lauren by 17.5% during the 3rd quarter. Ffcm LLC now owns 6,871 shares of the textile maker’s stock worth $945,000 after purchasing an additional 1,021 shares during the period. Hedge funds and other institutional investors own 67.78% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Buckingham Research upped their price target on shares of Ralph Lauren from $130.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 16th. Nomura set a $125.00 price target on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Monday, November 26th. ValuEngine cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Barclays set a $124.00 price target on shares of Ralph Lauren and gave the stock a “sell” rating in a research note on Wednesday, November 7th. Finally, Wells Fargo & Co set a $130.00 price target on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Ralph Lauren has an average rating of “Hold” and a consensus price target of $137.69.

Shares of NYSE RL opened at $111.40 on Friday. The stock has a market capitalization of $8.95 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.59 and a beta of 0.68. Ralph Lauren Corp has a 52 week low of $93.78 and a 52 week high of $147.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.17 and a current ratio of 2.98.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Tuesday, November 6th. The textile maker reported $2.26 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.10. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.99 EPS. As a group, equities research analysts expect that Ralph Lauren Corp will post 6.79 earnings per share 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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