New York State Common Retirement Fund increased its holdings in Ralph Lauren Corporation (NYSE:RL) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,500 shares of the textile maker’s stock after buying an additional 8,799 shares during the period. New York State Common Retirement Fund owned about 0.24% of Ralph Lauren Corporation worth $10,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of Ralph Lauren Corporation by 26.7% during the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $428,744,000 after purchasing an additional 1,225,845 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ralph Lauren Corporation by 9.5% during the first quarter. Vanguard Group Inc. now owns 5,708,885 shares of the textile maker’s stock worth $465,959,000 after purchasing an additional 495,685 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ralph Lauren Corporation by 378.0% during the second quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock worth $324,786,000 after purchasing an additional 3,480,135 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ralph Lauren Corporation by 10.8% during the second quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock worth $105,042,000 after purchasing an additional 139,110 shares in the last quarter. Finally, Global Thematic Partners LLC increased its position in shares of Ralph Lauren Corporation by 13.3% during the second quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock worth $50,327,000 after purchasing an additional 79,864 shares in the last quarter. 62.88% of the stock is owned by institutional investors.

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A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $88.00 price target on shares of Ralph Lauren Corporation in a research report on Thursday. Tigress Financial reissued a “hold” rating on shares of Ralph Lauren Corporation in a report on Thursday, September 28th. Barclays PLC assumed coverage on shares of Ralph Lauren Corporation in a report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 price objective on the stock. Cowen and Company reissued a “hold” rating and set a $89.00 price objective on shares of Ralph Lauren Corporation in a report on Sunday, September 17th. Finally, Buckingham Research boosted their price objective on shares of Ralph Lauren Corporation from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $86.73.

Ralph Lauren Corporation (RL) opened at 88.25 on Friday. The firm has a 50 day moving average of $88.61 and a 200-day moving average of $79.17. Ralph Lauren Corporation has a 12 month low of $66.06 and a 12 month high of $114.00. The firm’s market cap is $7.17 billion.

Ralph Lauren Corporation (NYSE:RL) last issued its earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.15. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. On average, equities research analysts forecast that Ralph Lauren Corporation will post $5.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, September 28th. Ralph Lauren Corporation’s payout ratio is -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.

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

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