USS Investment Management Ltd bought a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 238,100 shares of the textile maker’s stock, valued at approximately $17,571,000. USS Investment Management Ltd owned 0.43% of Ralph Lauren Corporation at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Ralph Lauren Corporation by 15.5% in the first quarter. Nisa Investment Advisors LLC now owns 5,945 shares of the textile maker’s stock valued at $485,000 after buying an additional 800 shares during the period. Retirement Systems of Alabama raised its position in shares of Ralph Lauren Corporation by 2.0% in the first quarter. Retirement Systems of Alabama now owns 27,229 shares of the textile maker’s stock valued at $2,222,000 after buying an additional 538 shares during the period. First Manhattan Co. raised its position in shares of Ralph Lauren Corporation by 327.1% in the first quarter. First Manhattan Co. now owns 17,725 shares of the textile maker’s stock valued at $1,792,000 after buying an additional 13,575 shares during the period. Korea Investment CORP raised its position in shares of Ralph Lauren Corporation by 192.0% in the first quarter. Korea Investment CORP now owns 14,600 shares of the textile maker’s stock valued at $1,192,000 after buying an additional 9,600 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Ralph Lauren Corporation by 65.8% in the first quarter. ProShare Advisors LLC now owns 8,416 shares of the textile maker’s stock valued at $687,000 after buying an additional 3,341 shares during the period. Institutional investors own 63.74% of the company’s stock.

Ralph Lauren Corporation (NYSE:RL) opened at 87.20 on Friday. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The firm’s market capitalization is $7.09 billion. The stock’s 50 day moving average is $78.51 and its 200-day moving average is $77.11.

Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.15. The firm 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 last year, the firm posted $1.06 EPS. Analysts forecast that Ralph Lauren Corporation will post $5.28 EPS for the current year.

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RL has been the subject of several research analyst reports. Tigress Financial initiated coverage on shares of Ralph Lauren Corporation in a report on Thursday, May 25th. They issued a “neutral” rating for the company. Zacks Investment Research lowered shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. BidaskClub raised shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $78.00 price target (down previously from $82.00) on shares of Ralph Lauren Corporation in a report on Friday, May 19th. Finally, Piper Jaffray Companies set a $66.00 price target on shares of Ralph Lauren Corporation and gave the company a “sell” rating in a report on Friday, May 19th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Ralph Lauren Corporation presently has an average rating of “Hold” and a consensus 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)

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