Ralph Lauren Co. (NYSE:RL) Shares Sold by Cypress Capital Group

Cypress Capital Group decreased its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 21.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,624 shares of the textile maker’s stock after selling 964 shares during the period. Cypress Capital Group’s holdings in Ralph Lauren were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners lifted its stake in Ralph Lauren by 67.2% in the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after buying an additional 487,882 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Ralph Lauren by 15,903.6% during the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after purchasing an additional 446,097 shares during the period. Swedbank AB purchased a new position in shares of Ralph Lauren during the 1st quarter worth $61,022,000. Los Angeles Capital Management LLC lifted its stake in shares of Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock worth $61,061,000 after purchasing an additional 322,053 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Ralph Lauren by 4.3% during the 1st 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 period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.1 %

NYSE:RL traded down $0.09 on Monday, reaching $174.49. The stock had a trading volume of 51,806 shares, compared to its average volume of 933,149. 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 12-month low of $108.60 and a 12-month high of $192.03. The company has a 50-day moving average of $171.10 and a 200 day moving average of $174.14. The stock has a market cap of $10.91 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51.

Ralph Lauren (NYSE:RL) last issued 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 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 analysts’ expectations of $1.49 billion. During the same quarter last year, the company posted $2.34 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Ralph Lauren in a research note on Wednesday, August 7th. Jefferies Financial Group assumed coverage on Ralph Lauren in a report on Tuesday, April 30th. They set a “buy” rating and a $195.00 price objective for the company. Barclays upped their price objective on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Guggenheim restated a “buy” rating and set a $200.00 price objective on shares of Ralph Lauren in a report on Friday, May 24th. Finally, TD Cowen dropped their price objective on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

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