State of Tennessee Treasury Department boosted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 109.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,558 shares of the textile maker’s stock after buying an additional 16,483 shares during the quarter. State of Tennessee Treasury Department’s holdings in Ralph Lauren Corporation were worth $2,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its position in Ralph Lauren Corporation by 26.7% during the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock worth $428,744,000 after buying an additional 1,225,845 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ralph Lauren Corporation by 378.0% during the second quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock worth $324,786,000 after buying an additional 3,480,135 shares during the last quarter. American Century Companies Inc. increased its position in Ralph Lauren Corporation by 10.8% during the second quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock worth $105,042,000 after buying an additional 139,110 shares during the last quarter. Global Thematic Partners LLC increased its position in Ralph Lauren Corporation by 13.3% during the second quarter. Global Thematic Partners LLC now owns 681,935 shares of the textile maker’s stock worth $50,327,000 after buying an additional 79,864 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Ralph Lauren Corporation by 45.8% during the second quarter. Dimensional Fund Advisors LP now owns 618,317 shares of the textile maker’s stock worth $45,630,000 after buying an additional 194,350 shares during the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ralph Lauren Corporation (NYSE RL) opened at $89.11 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. Ralph Lauren Corporation has a 12 month low of $66.06 and a 12 month high of $114.00. The firm has a market capitalization of $7,190.00, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.04 and a beta of 0.63.

Ralph Lauren Corporation (NYSE:RL) last released its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. equities analysts anticipate that Ralph Lauren Corporation will post 5.61 EPS for the current fiscal year.

In other Ralph Lauren Corporation news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the sale, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.93% of the stock is owned by corporate insiders.

RL has been the topic of a number of recent analyst reports. TheStreet raised Ralph Lauren Corporation from a “c” rating to a “b-” rating in a research report on Monday, November 6th. Macquarie raised Ralph Lauren Corporation to a “buy” rating and upped their target price for the company from $96.00 to $100.00 in a research report on Tuesday, September 5th. Zacks Investment Research raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, October 10th. Citigroup Inc. upped their target price on Ralph Lauren Corporation from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Morgan Stanley upped their target price on Ralph Lauren Corporation from $83.50 to $91.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $88.66.

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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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