Quantinno Capital Management LP Increases Stock Position in Ralph Lauren Corporation $RL

Quantinno Capital Management LP boosted its holdings in Ralph Lauren Corporation (NYSE:RL) by 59.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,351 shares of the textile maker’s stock after buying an additional 46,401 shares during the period. Quantinno Capital Management LP owned approximately 0.21% of Ralph Lauren worth $34,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ralph Lauren by 24.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,257 shares of the textile maker’s stock valued at $1,168,000 after purchasing an additional 825 shares in the last quarter. Alliancebernstein L.P. grew its stake in Ralph Lauren by 6.1% in the 2nd quarter. Alliancebernstein L.P. now owns 59,764 shares of the textile maker’s stock worth $16,392,000 after buying an additional 3,439 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Ralph Lauren by 1.1% during the second quarter. Treasurer of the State of North Carolina now owns 18,278 shares of the textile maker’s stock valued at $5,013,000 after purchasing an additional 198 shares in the last quarter. Sei Investments Co. lifted its position in Ralph Lauren by 20.8% in the 2nd quarter. Sei Investments Co. now owns 61,215 shares of the textile maker’s stock worth $16,790,000 after buying an additional 10,544 shares during the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at $1,042,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 2.9%

RL opened at $368.07 on Friday. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $374.00. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $336.38 and a 200 day moving average of $306.95. The firm has a market cap of $22.32 billion, a P/E ratio of 27.20, a P/E/G ratio of 1.73 and a beta of 1.52.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.34. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.Ralph Lauren’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.54 EPS. As a group, research analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Analyst Ratings Changes

RL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group increased their target price on Ralph Lauren from $365.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Needham & Company LLC upped their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Cowen reissued a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $349.63.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.