State Board of Administration of Florida Retirement System Reduces Stock Position in Ralph Lauren Corp (NYSE:RL)

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State Board of Administration of Florida Retirement System reduced its position in Ralph Lauren Corp (NYSE:RL) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,540 shares of the textile maker’s stock after selling 2,725 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.09% of Ralph Lauren worth $7,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RL. Signaturefd LLC grew its stake in Ralph Lauren by 3,333.3% during the 1st quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock worth $27,000 after buying an additional 200 shares during the last quarter. CWM LLC lifted its holdings in shares of Ralph Lauren by 589.2% during the second quarter. CWM LLC now owns 255 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 218 shares during the last quarter. Psagot Investment House Ltd. acquired a new position in Ralph Lauren during the second quarter valued at $165,000. ETF Managers Group LLC raised its position in Ralph Lauren by 9.3% during the first quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock valued at $168,000 after buying an additional 110 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Ralph Lauren during the first quarter valued at $177,000. 66.78% of the stock is currently owned by institutional investors and hedge funds.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $112.22, for a total value of $8,015,650.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 464,282 shares of company stock valued at $49,686,745 over the last quarter. 34.26% of the stock is owned by company insiders.

NYSE RL traded up $2.11 during trading hours on Wednesday, hitting $87.53. The company’s stock had a trading volume of 180,368 shares, compared to its average volume of 1,543,308. Ralph Lauren Corp has a 52 week low of $82.69 and a 52 week high of $139.56. The company has a market capitalization of $6.48 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.15 and a beta of 0.86. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72. The company’s 50-day simple moving average is $99.74 and its two-hundred day simple moving average is $115.63.

Ralph Lauren (NYSE:RL) last posted its earnings results on Tuesday, July 30th. The textile maker reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.11. Ralph Lauren had a net margin of 6.91% and a return on equity of 18.33%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Ralph Lauren Corp will post 7.73 EPS for the current fiscal year.

RL has been the subject of a number of research reports. Zacks Investment Research downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. TheStreet lowered Ralph Lauren from a “b” rating to a “c+” rating in a report on Tuesday, May 14th. Deutsche Bank lowered their target price on Ralph Lauren from $160.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Nomura lowered their price target on Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 15th. Finally, ValuEngine downgraded Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $127.56.

About Ralph Lauren

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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

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