Legal & General Group Plc increased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 16.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 326,781 shares of the textile maker’s stock after buying an additional 46,223 shares during the period. Legal & General Group Plc owned approximately 0.59% of Ralph Lauren Corporation worth $24,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Algert Global LLC acquired a new stake in shares of Ralph Lauren Corporation during the first quarter valued at about $531,000. First Trust Advisors LP boosted its stake in shares of Ralph Lauren Corporation by 11.1% in the first quarter. First Trust Advisors LP now owns 54,064 shares of the textile maker’s stock valued at $4,413,000 after buying an additional 5,411 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Ralph Lauren Corporation by 4.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 79,345 shares of the textile maker’s stock valued at $6,476,000 after buying an additional 3,174 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Ralph Lauren Corporation by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 159,754 shares of the textile maker’s stock valued at $13,039,000 after buying an additional 1,000 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Ralph Lauren Corporation by 101.9% in the first quarter. APG Asset Management N.V. now owns 348,508 shares of the textile maker’s stock valued at $28,445,000 after buying an additional 175,900 shares in the last quarter. 62.88% of the stock is currently owned by institutional investors.

Ralph Lauren Corporation (NYSE:RL) opened at 87.89 on Friday. The firm has a 50-day moving average of $80.21 and a 200 day moving average of $77.38. The stock’s market capitalization is $7.14 billion. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly 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. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. Ralph Lauren Corporation’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. On average, analysts anticipate that Ralph Lauren Corporation will post $5.28 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Ralph Lauren Corporation (RL) Position Increased by Legal & General Group Plc” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/09/01/ralph-lauren-corporation-rl-position-increased-by-legal-general-group-plc.html.

Several analysts have recently issued reports on RL shares. Tigress Financial started coverage on shares of Ralph Lauren Corporation in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 24th. BidaskClub raised shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Telsey Advisory Group reissued an “outperform” rating and set a $78.00 price target (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 price target on shares of 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 given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock 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)

Receive News & Stock Ratings for Ralph Lauren Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corporation and related stocks with our FREE daily email newsletter.