Capstone Asset Management Co. increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 3,681 shares of the textile maker’s stock after buying an additional 60 shares during the period. Capstone Asset Management Co.’s holdings in Ralph Lauren Corporation were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in Ralph Lauren Corporation by 392.1% in the first quarter. Acadian Asset Management LLC now owns 14,479 shares of the textile maker’s stock valued at $1,182,000 after buying an additional 11,537 shares during the last quarter. ProShare Advisors LLC boosted its position in 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 last quarter. Korea Investment CORP boosted its position in 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 last quarter. First Manhattan Co. boosted its position in 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 last quarter. Finally, Global Thematic Partners LLC boosted its position in Ralph Lauren Corporation by 27.9% in the first quarter. Global Thematic Partners LLC now owns 602,071 shares of the textile maker’s stock valued at $49,140,000 after buying an additional 131,238 shares during the last quarter. 63.74% of the stock is currently owned by institutional investors.

Ralph Lauren Corporation (RL) traded up 1.93% during mid-day trading on Wednesday, reaching $86.60. 483,782 shares of the company were exchanged. The stock’s market capitalization is $7.07 billion. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00. The company’s 50 day moving average price is $75.82 and its 200-day moving average price is $76.85.

Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The business’s revenue was down 13.2% on a year-over-year basis. On average, equities research analysts forecast that Ralph Lauren Corporation will post $5.21 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Capstone Asset Management Co. Raises Position in Ralph Lauren Corporation (RL)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/capstone-asset-management-co-raises-position-in-ralph-lauren-corporation-rl/1495913.html.

Several equities analysts have weighed in on RL shares. Cowen and Company reiterated a “market perform” rating and set a $84.00 price objective on shares of Ralph Lauren Corporation in a research report on Sunday, April 23rd. Zacks Investment Research upgraded shares of Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $78.00 price objective (down from $82.00) on shares of Ralph Lauren Corporation in a research report on Friday, May 19th. Piper Jaffray Companies set a $66.00 price objective on shares of Ralph Lauren Corporation and gave the stock a “sell” rating in a research report on Friday, May 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $75.00 price objective (down from $84.00) on shares of Ralph Lauren Corporation in a research report on Friday, May 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Ralph Lauren Corporation has a consensus rating of “Hold” and a consensus target price 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.