Allianz Asset Management GmbH lowered its position in shares of Ralph Lauren Corp (NYSE:RL) by 13.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 46,119 shares of the textile maker’s stock after selling 7,117 shares during the quarter. Allianz Asset Management GmbH owned about 0.06% of Ralph Lauren worth $5,239,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in Ralph Lauren by 3,333.3% in the first quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. CWM LLC increased its position in shares of Ralph Lauren by 589.2% during the second quarter. CWM LLC now owns 255 shares of the textile maker’s stock worth $29,000 after acquiring an additional 218 shares during the period. Psagot Investment House Ltd. purchased a new stake in shares of Ralph Lauren during the second quarter worth $165,000. ETF Managers Group LLC increased its position in shares of Ralph Lauren by 9.3% during the first quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock worth $168,000 after acquiring an additional 110 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Ralph Lauren during the first quarter worth $177,000. 65.70% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Family L.L.C. Lauren sold 35,714 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.06, for a total value of $3,037,832.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 321,426 shares of company stock valued at $34,154,727 in the last three months. Insiders own 34.26% of the company’s stock.
RL stock opened at $100.58 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.68 and a current ratio of 2.30. The stock has a market capitalization of $7.77 billion, a P/E ratio of 13.99, a PEG ratio of 1.78 and a beta of 0.88. The company has a 50 day moving average price of $94.02 and a two-hundred day moving average price of $113.13. Ralph Lauren Corp has a one year low of $82.69 and a one year high of $139.56.
Ralph Lauren (NYSE:RL) last posted its earnings results on Tuesday, July 30th. The textile maker reported $1.77 earnings per share for the quarter, beating 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Ralph Lauren Corp will post 7.7 earnings per share for the current fiscal year.
RL has been the topic of a number of recent research reports. Piper Jaffray Companies set a $83.00 price objective on Ralph Lauren and gave the stock a “hold” rating in a research report on Friday, August 16th. ValuEngine lowered Ralph Lauren from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Bank of America decreased their target price on shares of Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating for the company in a research note on Monday, August 26th. Finally, Royal Bank of Canada set a $128.00 target price on shares of Ralph Lauren and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $127.56.
Ralph Lauren Company Profile
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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