Ralph Lauren Corp (NYSE:RL) Shares Sold by Tyers Asset Management LLC

Tyers Asset Management LLC lowered its holdings in Ralph Lauren Corp (NYSE:RL) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,096 shares of the textile maker’s stock after selling 576 shares during the period. Tyers Asset Management LLC’s holdings in Ralph Lauren were worth $465,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Ralph Lauren by 3,333.3% in the first quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. CWM LLC increased its position in shares of Ralph Lauren by 589.2% in the second quarter. CWM LLC now owns 255 shares of the textile maker’s stock worth $29,000 after acquiring an additional 218 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Ralph Lauren by 9.3% in 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 in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Ralph Lauren in the first quarter worth $177,000. Finally, Psagot Investment House Ltd. acquired a new stake in shares of Ralph Lauren in the second quarter worth $165,000. 65.70% of the stock is owned by institutional investors.

NYSE RL traded up $2.94 during trading hours on Friday, reaching $103.52. 67,795 shares of the company traded hands, compared to its average volume of 1,335,144. Ralph Lauren Corp has a 12 month low of $82.69 and a 12 month high of $139.56. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $7.77 billion, a PE ratio of 14.35, a PEG ratio of 1.78 and a beta of 0.88. The company has a 50 day moving average of $94.02 and a two-hundred day moving average of $113.13.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Tuesday, July 30th. The textile maker reported $1.77 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.54 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Ralph Lauren Corp will post 7.7 earnings per share for the current year.

In other news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $110.01, for a total value of $7,857,794.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 321,426 shares of company stock worth $34,154,727 over the last quarter. 34.26% of the stock is currently owned by insiders.

Several research firms have recently issued reports on RL. Bank of America dropped their price objective on shares of Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating for the company in a research report on Monday, August 26th. Piper Jaffray Companies set a $83.00 price objective on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Friday, August 16th. ValuEngine lowered shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered shares of Ralph Lauren from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 30th. Finally, Goldman Sachs Group reissued a “sell” rating on shares of Ralph Lauren in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus 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.

Further Reading: Outperform Rating

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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