Strs Ohio Cuts Stake in Ralph Lauren Corporation (RL)

Strs Ohio cut its position in shares of Ralph Lauren Corporation (NYSE:RL) by 10.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 450,806 shares of the textile maker’s stock after selling 55,000 shares during the period. Strs Ohio owned 0.56% of Ralph Lauren Corporation worth $33,269,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LMR Partners LLP acquired a new stake in Ralph Lauren Corporation during the first quarter worth $580,000. Trexquant Investment LP boosted its stake in Ralph Lauren Corporation by 34.1% in the first quarter. Trexquant Investment LP now owns 5,900 shares of the textile maker’s stock worth $482,000 after buying an additional 1,500 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Ralph Lauren Corporation by 113.7% in the first quarter. JPMorgan Chase & Co. now owns 2,469,782 shares of the textile maker’s stock worth $201,582,000 after buying an additional 1,314,237 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Ralph Lauren Corporation by 1.1% in the first quarter. Alliancebernstein L.P. now owns 217,434 shares of the textile maker’s stock worth $17,747,000 after buying an additional 2,274 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Ralph Lauren Corporation by 11.0% in the first quarter. UBS Asset Management Americas Inc. now owns 145,367 shares of the textile maker’s stock worth $11,865,000 after buying an additional 14,421 shares in the last quarter. Institutional investors own 63.74% of the company’s stock.

Shares of Ralph Lauren Corporation (NYSE RL) opened at 84.32 on Friday. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The stock’s market cap is $6.85 billion. The firm has a 50-day moving average price of $76.88 and a 200-day moving average price of $76.95.

Ralph Lauren Corporation (NYSE:RL) last posted its earnings results on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, topping the consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. Ralph Lauren Corporation’s quarterly revenue was down 13.2% on a year-over-year basis. Analysts anticipate that Ralph Lauren Corporation will post $5.28 earnings per share for the current fiscal year.

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A number of research firms have recently commented on RL. Tigress Financial began coverage on Ralph Lauren Corporation in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 24th. BidaskClub upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $78.00 target price (down previously from $82.00) on shares of Ralph Lauren Corporation in a research report on Friday, May 19th. Finally, Piper Jaffray Companies set a $66.00 target price on Ralph Lauren Corporation and gave the stock a “sell” rating in a research report on Friday, May 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $88.56.

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.

Institutional Ownership by Quarter for Ralph Lauren Corporation (NYSE:RL)

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