Mutual of America Capital Management LLC Has $3.78 Million Stock Holdings in Ralph Lauren Corporation $RL

Mutual of America Capital Management LLC cut its holdings in Ralph Lauren Corporation (NYSE:RL) by 12.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,771 shares of the textile maker’s stock after selling 1,907 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ralph Lauren were worth $3,777,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RL. Banque Transatlantique SA acquired a new position in Ralph Lauren during the 1st quarter worth approximately $33,000. Brooklyn Investment Group boosted its position in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after acquiring an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Ralph Lauren during the 1st quarter worth approximately $39,000. Gordian Capital Singapore Pte Ltd acquired a new position in Ralph Lauren during the 1st quarter worth approximately $43,000. Finally, Private Trust Co. NA boosted its position in Ralph Lauren by 189.8% during the 2nd quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock worth $47,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RL. Needham & Company LLC upped their price target on Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Barclays reduced their price target on Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. UBS Group upped their price objective on Ralph Lauren from $404.00 to $421.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Zacks Research upgraded Ralph Lauren to a “strong-buy” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $336.12.

Ralph Lauren Trading Up 1.5%

Shares of Ralph Lauren stock opened at $337.04 on Friday. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $340.61. The stock has a market cap of $20.41 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.65 and a beta of 1.61. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $311.02 and its 200-day moving average is $279.90.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business earned $2.70 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio is currently 29.15%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.