Interval Partners LP Invests $19.77 Million in Ralph Lauren Corporation $RL

Interval Partners LP acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,064 shares of the textile maker’s stock, valued at approximately $19,774,000. Interval Partners LP owned about 0.10% of Ralph Lauren as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ossiam boosted its position in Ralph Lauren by 148.6% during the third quarter. Ossiam now owns 1,029 shares of the textile maker’s stock worth $323,000 after purchasing an additional 615 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Ralph Lauren by 43.8% in the third quarter. Brown Brothers Harriman & Co. now owns 207 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 63 shares during the period. Boston Partners lifted its stake in shares of Ralph Lauren by 2.1% in the third quarter. Boston Partners now owns 715,733 shares of the textile maker’s stock worth $224,455,000 after buying an additional 14,953 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Ralph Lauren by 1,164.8% in the third quarter. Marshall Wace LLP now owns 42,105 shares of the textile maker’s stock worth $13,202,000 after buying an additional 38,776 shares during the last quarter. Finally, Family Management Corp bought a new stake in shares of Ralph Lauren during the 3rd quarter worth $324,000. 67.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares in the company, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Barclays upped their price target on shares of Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research report on Thursday, February 5th. UBS Group reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, March 3rd. Finally, Argus increased their target price on Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Two 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 assigned a Sell rating to the company. According to MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $389.06.

Ralph Lauren Stock Down 1.4%

Shares of RL opened at $330.43 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The company has a 50-day simple moving average of $359.71 and a 200-day simple moving average of $342.24. Ralph Lauren Corporation has a 52 week low of $176.61 and a 52 week high of $389.15. The firm has a market capitalization of $20.00 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.31 and a beta of 1.47.

Ralph Lauren (NYSE:RL) last released its earnings results 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. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $4.82 earnings per share. On average, equities research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

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.