Parametric Portfolio Associates LLC boosted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,352 shares of the textile maker’s stock after purchasing an additional 13,288 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.18% of Ralph Lauren Corporation worth $7,258,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of RL. Ameritas Investment Partners Inc. purchased a new position in shares of Ralph Lauren Corporation in the 1st quarter worth approximately $110,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ralph Lauren Corporation by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after acquiring an additional 96 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Ralph Lauren Corporation by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after acquiring an additional 238 shares during the last quarter. Exane Derivatives bought a new stake in shares of Ralph Lauren Corporation during the 2nd quarter worth approximately $175,000. Finally, FNY Partners Fund LP lifted its stake in shares of Ralph Lauren Corporation by 19,900.0% during the 1st quarter. FNY Partners Fund LP now owns 3,000 shares of the textile maker’s stock worth $244,000 after acquiring an additional 2,985 shares during the last quarter. 62.76% of the stock is currently owned by institutional investors.
RL has been the subject of a number of research analyst reports. Cowen and Company set a $89.00 price target on Ralph Lauren Corporation and gave the stock a “hold” rating in a research note on Tuesday. Macquarie raised Ralph Lauren Corporation to a “buy” rating and lifted their target price for the company from $96.00 to $100.00 in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “hold” rating and set a $75.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 7th. Piper Jaffray Companies restated a “sell” rating and set a $66.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 14th. Finally, Tigress Financial reiterated a “hold” rating on shares of Ralph Lauren Corporation in a research note on Thursday, September 28th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $87.37.
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Shares of Ralph Lauren Corporation (NYSE:RL) traded down 0.19% during midday trading on Friday, reaching $91.09. The company’s stock had a trading volume of 1,300,621 shares. The stock has a 50 day moving average of $88.81 and a 200-day moving average of $79.83. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The company’s market capitalization is $7.40 billion.
Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.15. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The business’s revenue was down 13.2% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. On average, equities research analysts anticipate that Ralph Lauren Corporation will post $5.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently -869.57%.
Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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