Disciplined Growth Investors Inc. MN increased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 411,610 shares of the textile maker’s stock after acquiring an additional 2,550 shares during the quarter. Disciplined Growth Investors Inc. MN owned about 0.50% of Ralph Lauren Corporation worth $30,377,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new position in shares of Ralph Lauren Corporation during the first quarter worth $110,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ralph Lauren Corporation by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after acquiring an additional 96 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Ralph Lauren Corporation by 97.0% during the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after acquiring an additional 979 shares during the last quarter. Engine Capital Management LLC bought a new position in shares of Ralph Lauren Corporation during the first quarter worth $163,000. Finally, Exane Derivatives bought a new position in shares of Ralph Lauren Corporation during the second quarter worth $175,000. Hedge funds and other institutional investors own 62.88% of the company’s stock.

Shares of Ralph Lauren Corporation (RL) traded down 0.26% during midday trading on Friday, hitting $85.04. 1,258,053 shares of the stock traded hands. The stock’s market cap is $6.91 billion. The company’s 50 day moving average price is $88.74 and its 200-day moving average price is $79.41. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.15. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations 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 company’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. On average, equities research analysts expect that Ralph Lauren Corporation will post $5.34 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.35%. Ralph Lauren Corporation’s payout ratio is -869.57%.

A number of brokerages recently weighed in on RL. Zacks Investment Research upgraded shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Tuesday. Miller Tabak lowered shares of Ralph Lauren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada restated a “hold” rating and set a $88.00 target price on shares of Ralph Lauren Corporation in a research report on Thursday, October 5th. Tigress Financial restated a “hold” rating on shares of Ralph Lauren Corporation in a research report on Thursday, September 28th. Finally, Barclays PLC began coverage on shares of Ralph Lauren Corporation in a research report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 target price for the company. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $87.37.

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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.

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

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