First Trust Advisors LP reduced its stake in shares of Ralph Lauren Corp (NYSE:RL) by 91.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,595 shares of the textile maker’s stock after selling 38,123 shares during the period. First Trust Advisors LP’s holdings in Ralph Lauren were worth $317,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hosking Partners LLP boosted its holdings in shares of Ralph Lauren by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 174,161 shares of the textile maker’s stock valued at $12,853,000 after buying an additional 2,815 shares during the period. FMR LLC boosted its holdings in shares of Ralph Lauren by 2.9% in the 2nd quarter. FMR LLC now owns 364,123 shares of the textile maker’s stock valued at $26,872,000 after buying an additional 10,180 shares during the period. QS Investors LLC boosted its holdings in shares of Ralph Lauren by 3,044.4% in the 2nd quarter. QS Investors LLC now owns 12,892 shares of the textile maker’s stock valued at $951,000 after buying an additional 12,482 shares during the period. Andra AP fonden boosted its holdings in shares of Ralph Lauren by 152.9% in the 2nd quarter. Andra AP fonden now owns 65,500 shares of the textile maker’s stock valued at $4,834,000 after buying an additional 39,600 shares during the period. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Ralph Lauren by 145.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 19,192 shares of the textile maker’s stock valued at $1,416,000 after buying an additional 11,370 shares during the period. 66.98% of the stock is owned by institutional investors.

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

Several research analysts have recently commented on RL shares. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, October 10th. Credit Suisse Group raised shares of Ralph Lauren from a “neutral” rating to an “outperform” rating and set a $111.00 price target for the company in a report on Friday, September 8th. Piper Jaffray Companies set a $81.00 price target on shares of Ralph Lauren and gave the company a “sell” rating in a report on Thursday, October 19th. Cowen set a $95.00 price target on shares of Ralph Lauren and gave the company a “hold” rating in a report on Thursday, November 16th. Finally, Barclays lifted their price target on shares of Ralph Lauren from $84.00 to $87.00 and gave the company an “underweight” rating in a report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $88.66.

Ralph Lauren Corp (NYSE:RL) traded up $2.37 during trading on Monday, reaching $102.34. 1,158,000 shares of the company’s stock were exchanged, compared to its average volume of 1,545,486. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55. The firm has a market cap of $8,317.68, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.23 and a beta of 0.66. Ralph Lauren Corp has a 52-week low of $66.06 and a 52-week high of $109.74.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. Ralph Lauren’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 EPS. research analysts anticipate that Ralph Lauren Corp will post 5.56 earnings per share for the current year.

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About Ralph Lauren

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 (NYSE:RL)

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