Ralph Lauren Co. (NYSE:RL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Ralph Lauren Co. (NYSE:RLGet Rating) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,475 shares of the textile maker’s stock after selling 1,309 shares during the period. Mutual of America Capital Management LLC’s holdings in Ralph Lauren were worth $1,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in RL. CWM LLC boosted its position in shares of Ralph Lauren by 112.2% during the 2nd quarter. CWM LLC now owns 488 shares of the textile maker’s stock worth $44,000 after purchasing an additional 258 shares in the last quarter. Covestor Ltd boosted its position in shares of Ralph Lauren by 89.6% during the 1st quarter. Covestor Ltd now owns 916 shares of the textile maker’s stock worth $104,000 after purchasing an additional 433 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Ralph Lauren during the 2nd quarter worth $111,000. Loomis Sayles & Co. L P purchased a new stake in shares of Ralph Lauren during the 1st quarter worth $200,000. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Ralph Lauren by 10.5% during the 2nd quarter. 1620 Investment Advisors Inc. now owns 2,269 shares of the textile maker’s stock worth $203,000 after purchasing an additional 216 shares in the last quarter. 63.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on RL. TheStreet upgraded shares of Ralph Lauren from a “c+” rating to a “b-” rating in a research report on Monday, November 7th. UBS Group boosted their price objective on shares of Ralph Lauren from $128.00 to $130.00 in a research report on Friday, November 11th. Credit Suisse Group decreased their price objective on shares of Ralph Lauren from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. StockNews.com began coverage on shares of Ralph Lauren in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Wedbush boosted their price objective on shares of Ralph Lauren to $100.00 in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.85.

Ralph Lauren Trading Up 0.8 %

NYSE RL opened at $107.10 on Friday. Ralph Lauren Co. has a 12 month low of $82.23 and a 12 month high of $135.99. The company has a 50-day moving average of $93.86 and a 200-day moving average of $95.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.01 and a quick ratio of 1.27. The company has a market cap of $7.07 billion, a P/E ratio of 14.92, a P/E/G ratio of 3.19 and a beta of 1.33.

Ralph Lauren (NYSE:RLGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The textile maker reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.15. Ralph Lauren had a net margin of 8.05% and a return on equity of 21.97%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company posted $2.62 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that Ralph Lauren Co. will post 7.74 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Thursday, September 29th. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.78%.

Ralph Lauren Profile

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Ralph Lauren Corp. engages in the design, marketing, and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed products. 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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