State Board of Administration of Florida Retirement System lifted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,288 shares of the textile maker’s stock after purchasing an additional 1,030 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of Ralph Lauren Corporation worth $7,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Gateway Investment Advisers LLC increased its stake in shares of Ralph Lauren Corporation by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock worth $276,000 after purchasing an additional 12 shares in the last quarter. Capstone Asset Management Co. grew its stake in Ralph Lauren Corporation by 1.7% in the 2nd quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock worth $272,000 after acquiring an additional 60 shares during the period. Amalgamated Bank grew its stake in Ralph Lauren Corporation by 2.1% in the 1st quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock worth $327,000 after acquiring an additional 84 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Ralph Lauren Corporation by 7.5% in 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 period. Finally, CIBC Asset Management Inc grew its stake in Ralph Lauren Corporation by 1.9% in the 2nd quarter. CIBC Asset Management Inc now owns 6,573 shares of the textile maker’s stock worth $485,000 after acquiring an additional 124 shares during the period. 66.46% of the stock is owned by institutional investors and hedge funds.

RL has been the subject of several recent analyst reports. Credit Suisse Group raised shares of Ralph Lauren Corporation from a “neutral” rating to an “outperform” rating and set a $111.00 target price for the company in a research note on Friday, September 8th. Zacks Investment Research raised shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, October 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ralph Lauren Corporation in a research note on Monday, October 16th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $88.00 target price on shares of Ralph Lauren Corporation in a research note on Thursday, October 5th. Finally, Citigroup Inc. lifted their target price on shares of Ralph Lauren Corporation from $91.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $88.77.

In other Ralph Lauren Corporation news, insider Valerie Hermann sold 2,400 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the transaction, the insider now owns 35,028 shares in the company, valued at approximately $3,195,254.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.93% of the company’s stock.

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Ralph Lauren Corporation (NYSE:RL) opened at $86.67 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.55 and a debt-to-equity ratio of 0.08. The firm has a market cap of $7,039.73, a price-to-earnings ratio of 14.81, a P/E/G ratio of 1.03 and a beta of 0.63. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The firm’s revenue was down 8.6% compared to the same quarter last year. research analysts forecast that Ralph Lauren Corporation will post 5.61 earnings per share for the current fiscal year.

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

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