Ralph Lauren Co. (NYSE:RL) Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lessened its stake in Ralph Lauren Co. (NYSE:RL) by 63.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,149 shares of the textile maker’s stock after selling 1,965 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Ralph Lauren were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners boosted its holdings in Ralph Lauren by 67.2% during the fourth quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock worth $175,001,000 after buying an additional 487,882 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at about $18,944,000. Bridgefront Capital LLC increased its stake in shares of Ralph Lauren by 251.5% in the 4th quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock valued at $1,778,000 after purchasing an additional 8,822 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Ralph Lauren by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after purchasing an additional 6,378 shares during the period. Finally, Bessemer Group Inc. boosted its position in Ralph Lauren by 708.2% during the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock worth $1,694,000 after purchasing an additional 7,904 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price objective on shares of Ralph Lauren in a research report on Wednesday, August 7th. UBS Group boosted their price target on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. TD Cowen decreased their price objective on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. StockNews.com cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company decreased their price target on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $184.80.

Ralph Lauren Trading Down 0.3 %

Ralph Lauren stock traded down $0.55 during trading on Friday, reaching $172.85. 1,012,234 shares of the company were exchanged, compared to its average volume of 665,978. The stock’s 50 day simple moving average is $169.25 and its two-hundred day simple moving average is $173.73. The company has a market capitalization of $10.71 billion, a P/E ratio of 17.78, a PEG ratio of 1.41 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $2.34 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Ralph Lauren Co. will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Company Profile

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.