State Treasurer State of Michigan decreased its position in Ralph Lauren Corp. (NYSE:RL) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,133 shares of the company’s stock after selling 200 shares during the period. State Treasurer State of Michigan’s holdings in Ralph Lauren Corp. were worth $3,250,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Southeastern Asset Management Inc. TN acquired a new stake in Ralph Lauren Corp. during the second quarter worth approximately $245,238,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Ralph Lauren Corp. during the second quarter valued at $106,337,000. Capital Research Global Investors increased its position in Ralph Lauren Corp. by 18.6% in the second quarter. Capital Research Global Investors now owns 2,550,003 shares of the company’s stock valued at $228,531,000 after buying an additional 400,003 shares during the period. Emerald Acquisition Ltd. purchased a new position in Ralph Lauren Corp. during the second quarter valued at $32,642,000. Finally, BlackRock Advisors LLC increased its position in Ralph Lauren Corp. by 285.5% in the second quarter. BlackRock Advisors LLC now owns 415,262 shares of the company’s stock valued at $37,216,000 after buying an additional 307,548 shares during the period. Institutional investors own 60.56% of the company’s stock.

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

Ralph Lauren Corp. (NYSE:RL) traded down 3.68% during trading on Wednesday, reaching $104.61. 1,583,266 shares of the company traded hands. Ralph Lauren Corp. has a 12 month low of $82.15 and a 12 month high of $127.01. The company’s 50-day moving average is $103.25 and its 200 day moving average is $99.42. The company has a market cap of $8.60 billion, a PE ratio of 44.94 and a beta of 0.95.

Ralph Lauren Corp. (NYSE:RL) last issued its quarterly earnings results on Thursday, November 10th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. The company earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ralph Lauren Corp. had a net margin of 2.71% and a return on equity of 14.00%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. On average, analysts anticipate that Ralph Lauren Corp. will post $5.49 earnings per share for the current year.

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RL has been the topic of several analyst reports. initiated coverage on shares of Ralph Lauren Corp. in a research report on Wednesday, September 28th. They issued a “buy” rating and a $125.00 target price on the stock. Vetr raised shares of Ralph Lauren Corp. from a “hold” rating to a “buy” rating and set a $96.72 target price on the stock in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. lifted their target price on shares of Ralph Lauren Corp. from $113.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Citigroup Inc. lifted their target price on shares of Ralph Lauren Corp. from $107.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Zacks Investment Research raised shares of Ralph Lauren Corp. from a “sell” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $111.33.

About Ralph Lauren Corp.

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.

5 Day Chart for NYSE:RL

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