Los Angeles Capital Management LLC Sells 4,804 Shares of Ralph Lauren Co. (NYSE:RL)

Los Angeles Capital Management LLC lowered its position in shares of Ralph Lauren Co. (NYSE:RL) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,404 shares of the textile maker’s stock after selling 4,804 shares during the quarter. Los Angeles Capital Management LLC owned 0.51% of Ralph Lauren worth $56,090,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Ralph Lauren by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after purchasing an additional 203,495 shares during the last quarter. Boston Partners grew its holdings in Ralph Lauren by 3.4% during the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after purchasing an additional 41,482 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ralph Lauren by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,332 shares of the textile maker’s stock worth $68,399,000 after buying an additional 2,098 shares during the last quarter. Acadian Asset Management LLC raised its stake in Ralph Lauren by 15,903.6% in the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock valued at $84,266,000 after buying an additional 446,097 shares during the period. Finally, Swedbank AB lifted its position in shares of Ralph Lauren by 18.5% in the second quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock valued at $67,398,000 after buying an additional 60,000 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock traded down $0.55 during trading hours on Friday, reaching $172.85. 1,012,234 shares of the stock were exchanged, compared to its average volume of 919,101. The stock has a 50 day moving average of $169.25 and a two-hundred day moving average of $173.80. The company has a market cap of $10.80 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. Ralph Lauren Co. has a twelve month low of $108.60 and a twelve month high of $192.03.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Guggenheim reaffirmed a “buy” rating and set a $200.00 price target on shares of Ralph Lauren in a report on Friday, May 24th. UBS Group raised their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TD Cowen decreased their target price on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.80.

Ralph Lauren 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.