WINTON GROUP Ltd reduced its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 47.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,414 shares of the textile maker’s stock after selling 20,486 shares during the quarter. WINTON GROUP Ltd’s holdings in Ralph Lauren Corporation were worth $1,654,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RL. BlackRock Inc. boosted its position in shares of Ralph Lauren Corporation by 3,678.8% during the 1st quarter. BlackRock Inc. now owns 4,583,697 shares of the textile maker’s stock worth $374,123,000 after acquiring an additional 4,462,396 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ralph Lauren Corporation by 378.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock worth $324,786,000 after acquiring an additional 3,480,135 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ralph Lauren Corporation by 9.5% during the 1st quarter. Vanguard Group Inc. now owns 5,708,885 shares of the textile maker’s stock worth $465,959,000 after acquiring an additional 495,685 shares in the last quarter. Bridgewater Associates LP boosted its position in shares of Ralph Lauren Corporation by 3,703.5% during the 2nd quarter. Bridgewater Associates LP now owns 317,058 shares of the textile maker’s stock worth $23,399,000 after acquiring an additional 308,722 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its position in shares of Ralph Lauren Corporation by 1,850.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 276,294 shares of the textile maker’s stock worth $20,390,000 after acquiring an additional 262,131 shares in the last quarter. 62.84% of the stock is owned by institutional investors and hedge funds.

Shares of Ralph Lauren Corporation (NYSE:RL) opened at 85.675 on Thursday. The firm’s 50-day moving average price is $88.63 and its 200 day moving average price is $79.47. The stock’s market capitalization is $6.96 billion. 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 posted its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.15. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. Analysts expect that Ralph Lauren Corporation will post $5.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is -869.57%.

Several research analysts have recently issued reports on RL shares. Macquarie raised Ralph Lauren Corporation to a “buy” rating and upped their price objective for the stock from $96.00 to $100.00 in a research report on Tuesday, September 5th. BidaskClub raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, October 10th. Needham & Company LLC started coverage on Ralph Lauren Corporation in a research report on Tuesday, July 18th. They set a “hold” rating for the company. Finally, Cowen and Company reaffirmed a “hold” rating and set a $80.00 price objective (up from $78.00) on shares of Ralph Lauren Corporation in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $87.37.

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About Ralph Lauren Corporation

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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