Aperio Group LLC increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 31.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,436 shares of the textile maker’s stock after buying an additional 3,438 shares during the period. Aperio Group LLC’s holdings in Ralph Lauren Corporation were worth $1,065,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Intellectus Partners LLC increased its stake in shares of Ralph Lauren Corporation by 18.2% in the first quarter. Intellectus Partners LLC now owns 1,300 shares of the textile maker’s stock valued at $107,000 after buying an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Ralph Lauren Corporation during the first quarter valued at about $110,000. Daiwa Securities Group Inc. increased its stake in shares of Ralph Lauren Corporation by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock valued at $139,000 after buying an additional 300 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Ralph Lauren Corporation by 97.0% in the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock valued at $162,000 after buying an additional 979 shares in the last quarter. Finally, Engine Capital Management LLC bought a new stake in shares of Ralph Lauren Corporation during the first quarter valued at about $163,000. Institutional investors and hedge funds own 63.74% of the company’s stock.

Shares of Ralph Lauren Corporation (NYSE RL) traded up 1.77% during midday trading on Wednesday, reaching $86.46. The company’s stock had a trading volume of 536,472 shares. The stock’s market capitalization is $7.06 billion. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00. The stock has a 50-day moving average price of $75.82 and a 200 day moving average price of $76.85.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Equities analysts forecast that Ralph Lauren Corporation will post $5.21 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Aperio Group LLC Buys 3,438 Shares of Ralph Lauren Corporation (RL)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/aperio-group-llc-buys-3438-shares-of-ralph-lauren-corporation-rl/1496076.html.

Several brokerages have recently issued reports on RL. Atlantic Securities upgraded Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $68.00 to $93.00 in a research report on Wednesday, August 9th. Royal Bank Of Canada set a $88.00 price objective on Ralph Lauren Corporation and gave the company a “hold” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies restated a “sell” rating and issued a $81.00 price objective on shares of Ralph Lauren Corporation in a research report on Thursday, August 10th. UBS AG restated a “positive” rating and issued a $90.00 price objective (up from $73.00) on shares of Ralph Lauren Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $88.56.

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.

Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corporation (NYSE:RL).

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

Receive News & Ratings for Ralph Lauren Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.