Morningstar Investment Services LLC lowered its position in Ralph Lauren Corporation (NYSE:RL) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 7,139 shares of the textile maker’s stock after selling 122 shares during the period. Morningstar Investment Services LLC’s holdings in Ralph Lauren Corporation were worth $527,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its position in Ralph Lauren Corporation by 9.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 99,050 shares of the textile maker’s stock worth $7,281,000 after buying an additional 8,472 shares in the last quarter. Arizona State Retirement System raised its position in Ralph Lauren Corporation by 29.3% in the second quarter. Arizona State Retirement System now owns 18,074 shares of the textile maker’s stock worth $1,334,000 after buying an additional 4,100 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Ralph Lauren Corporation by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 312,926 shares of the textile maker’s stock worth $23,094,000 after buying an additional 4,956 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Ralph Lauren Corporation by 41.9% in the second quarter. Canada Pension Plan Investment Board now owns 115,907 shares of the textile maker’s stock worth $8,554,000 after buying an additional 34,200 shares in the last quarter. Finally, Trexquant Investment LP raised its position in Ralph Lauren Corporation by 54.2% in the second quarter. Trexquant Investment LP now owns 9,100 shares of the textile maker’s stock worth $672,000 after buying an additional 3,200 shares in the last quarter. 63.74% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Corporation (NYSE RL) opened at 84.87 on Tuesday. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The company has a 50-day moving average of $75.48 and a 200 day moving average of $76.87. The firm’s market capitalization is $6.93 billion.

Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.15. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates 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 firm’s revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS. On average, analysts anticipate that Ralph Lauren Corporation will post $5.18 EPS for the current year.

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

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

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