Ralph Lauren Corporation (RL) Holdings Boosted by Intellectus Partners LLC

Intellectus Partners LLC grew its position in shares of Ralph Lauren Corporation (NYSE:RL) by 307.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,300 shares of the textile maker’s stock after buying an additional 4,000 shares during the quarter. Intellectus Partners LLC’s holdings in Ralph Lauren Corporation were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of RL. UBS Asset Management Americas Inc. lifted its position in shares of Ralph Lauren Corporation by 11.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 145,367 shares of the textile maker’s stock worth $11,865,000 after buying an additional 14,421 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Ralph Lauren Corporation during the 1st quarter worth approximately $898,000. State of Wisconsin Investment Board bought a new position in shares of Ralph Lauren Corporation during the 1st quarter worth approximately $638,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Ralph Lauren Corporation by 54.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,251 shares of the textile maker’s stock worth $347,000 after buying an additional 1,496 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Ralph Lauren Corporation during the 1st quarter worth approximately $110,000. 62.88% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on RL. Needham & Company LLC reissued a “hold” rating on shares of Ralph Lauren Corporation in a research report on Tuesday, September 12th. Buckingham Research lifted their target price on shares of Ralph Lauren Corporation from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 13th. Barclays PLC began coverage on shares of Ralph Lauren Corporation in a research report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 target price on the stock. Cowen and Company reissued a “hold” rating and set a $89.00 target price on shares of Ralph Lauren Corporation in a research report on Sunday, September 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $88.00 target price on shares of Ralph Lauren Corporation in a research report on Thursday, October 5th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $87.37.

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Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm earned $1.06 earnings per share. The company’s quarterly revenue was down 13.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.35%. Ralph Lauren Corporation’s payout ratio is presently -869.57%.

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.

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

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