Cerebellum GP LLC Acquires New Stake in Ralph Lauren Corp (RL)

Cerebellum GP LLC acquired a new stake in shares of Ralph Lauren Corp (NYSE:RL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,514 shares of the textile maker’s stock, valued at approximately $260,000.

A number of other institutional investors also recently modified their holdings of RL. Bank of New York Mellon Corp lifted its position in Ralph Lauren by 654,966.4% during the third quarter. Bank of New York Mellon Corp now owns 3,668,372 shares of the textile maker’s stock valued at $504,586,000 after purchasing an additional 3,667,812 shares during the period. AQR Capital Management LLC raised its position in Ralph Lauren by 89.9% in the third quarter. AQR Capital Management LLC now owns 1,994,405 shares of the textile maker’s stock worth $274,330,000 after acquiring an additional 944,121 shares during the period. FMR LLC raised its position in Ralph Lauren by 84.6% in the third quarter. FMR LLC now owns 1,257,318 shares of the textile maker’s stock worth $172,944,000 after acquiring an additional 576,355 shares during the period. Point72 Asset Management L.P. raised its position in Ralph Lauren by 771.6% in the third quarter. Point72 Asset Management L.P. now owns 587,987 shares of the textile maker’s stock worth $80,878,000 after acquiring an additional 520,526 shares during the period. Finally, Millennium Management LLC raised its position in Ralph Lauren by 46.8% in the second quarter. Millennium Management LLC now owns 874,008 shares of the textile maker’s stock worth $109,880,000 after acquiring an additional 278,524 shares during the period. Institutional investors own 69.41% of the company’s stock.

Shares of NYSE RL opened at $105.43 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.17. The firm has a market capitalization of $8.80 billion, a PE ratio of 17.48, a PEG ratio of 1.54 and a beta of 0.63. Ralph Lauren Corp has a 1 year low of $95.63 and a 1 year high of $147.79.



Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.10. The firm had revenue of $1.69 billion during 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 company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.99 earnings per share. As a group, research analysts predict that Ralph Lauren Corp will post 6.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Friday, December 28th were paid a $0.625 dividend. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.37%. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.46%.

RL has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of Ralph Lauren in a research report on Monday, October 29th. They issued a “buy” rating and a $149.00 price target on the stock. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Thursday, October 4th. Buckingham Research upgraded shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a research report on Wednesday. Needham & Company LLC upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Thursday. Finally, Barclays upgraded shares of Ralph Lauren from an “underweight” rating to an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. Ralph Lauren currently has an average rating of “Hold” and an average target price of $134.41.

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Ralph Lauren Profile

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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