Sumitomo Mitsui Asset Management Company LTD held its stake in Ralph Lauren Corporation (NYSE:RL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,236 shares of the textile maker’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Ralph Lauren Corporation were worth $312,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC boosted its position in Ralph Lauren Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock worth $276,000 after buying an additional 12 shares during the last quarter. Capstone Asset Management Co. boosted its position in Ralph Lauren Corporation by 1.7% in the second quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock worth $272,000 after buying an additional 60 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Ralph Lauren Corporation by 0.6% in the first quarter. Sunbelt Securities Inc. now owns 13,204 shares of the textile maker’s stock worth $1,078,000 after buying an additional 74 shares during the last quarter. Mason Street Advisors LLC boosted its position in Ralph Lauren Corporation by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,784 shares of the textile maker’s stock worth $635,000 after buying an additional 80 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Ralph Lauren Corporation by 2.1% in the first quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock worth $327,000 after buying an additional 84 shares during the last quarter. 58.45% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Corporation (RL) opened at 83.78 on Friday. The company’s market capitalization is $6.84 billion. 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 price of $75.13 and a 200-day moving average price of $77.11.

Ralph Lauren Corporation (NYSE:RL) last released its earnings results on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts expect that Ralph Lauren Corporation will post $5.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, June 28th. Ralph Lauren Corporation’s payout ratio is currently -869.57%.

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A number of equities analysts have issued reports on RL shares. Cowen and Company restated a “market perform” rating and set a $84.00 price target on shares of Ralph Lauren Corporation in a report on Sunday, April 23rd. Credit Suisse Group restated a “neutral” rating and set a $74.00 price target (down from $78.00) on shares of Ralph Lauren Corporation in a report on Friday, May 19th. Zacks Investment Research upgraded Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub upgraded Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $75.00 price target on shares of Ralph Lauren Corporation in a report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $88.56.

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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