Ralph Lauren Corporation (RL) Shares Sold by US Bancorp DE

US Bancorp DE decreased its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 9.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,267 shares of the textile maker’s stock after selling 1,279 shares during the period. US Bancorp DE’s holdings in Ralph Lauren Corporation were worth $906,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in RL. Intellectus Partners LLC boosted its position in 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 during the last quarter. Ameritas Investment Partners Inc. bought a new position in Ralph Lauren Corporation during the first quarter valued at approximately $110,000. Daiwa Securities Group Inc. boosted its position in 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 during the last quarter. Pacer Advisors Inc. boosted its position in 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 during the last quarter. Finally, Engine Capital Management LLC bought a new position in Ralph Lauren Corporation during the first quarter valued at approximately $163,000. 58.45% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Corporation (NYSE RL) traded down 3.50% during mid-day trading on Thursday, hitting $84.00. 865,127 shares of the company traded hands. The company’s 50-day moving average price is $74.41 and its 200 day moving average price is $77.10. The company’s market capitalization is $6.85 billion. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last posted 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. The firm had revenue of $1.35 billion for 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 company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. On average, analysts anticipate that Ralph Lauren Corporation will post $5.18 earnings per share for the current fiscal year.

The business also recently announced 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 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, June 28th. Ralph Lauren Corporation’s dividend payout ratio (DPR) is currently -869.57%.

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RL has been the topic of several research analyst reports. BidaskClub raised shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. ValuEngine lowered shares of Ralph Lauren Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. 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. Royal Bank Of Canada restated a “hold” rating and set a $75.00 price objective on shares of Ralph Lauren Corporation in a research report on Friday, July 7th. Finally, Cowen and Company restated a “hold” rating and set a $80.00 price objective (up previously from $78.00) on shares of Ralph Lauren Corporation in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Ralph Lauren Corporation has an average rating of “Hold” and an average price target of $90.49.

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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