Xact Kapitalforvaltning AB's holdings in Ralph Lauren Corporation were worth $652,000 at the end of the most recent quarter. Pacer Advisors Inc. raised its stake in shares of Ralph Lauren Corporation by 12.0% in the second quarter. JPMorgan Chase & Co. now owns 2,469,782 shares of the textile maker's stock valued at $201,582,000 after buying an additional 1,314,237 shares in the last quarter. ARGA Investment Management LP raised its stake in shares of Ralph Lauren Corporation by 26.7% in the second quarter. Retirement Systems of Alabama now owns 27,229 shares of the textile maker's stock worth $2,222,000 after buying an additional 538 shares during the last quarter. Public Employees Retirement System of OH raised its stake in shares of Ralph Lauren Corporation by 6.4% in the first quarter. Pacad Investment Ltd. augmented its stake by buying 4,600 shares an increase of 219.0% in the quarter. International Value Advisers LLC purchased a new stake in Ralph Lauren Corporation during the first quarter valued at $82,868,000. The company's institutional ownership is monitored at 94.6 percent. Citadel Advsr Limited Com holds 0% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 49,465 shares. The day began at US$0.56 but the price moved to US$0.54 at one point during the trading and finally capitulating to a session high of US$0.625. The company has market cap of $7.24 billion.
Despite the beat, at Ralph Lauren, revenue still plummeted 13% in the quarter compared to a year ago and its North American revenue was down 17%.
Atlantic Equities bumped up the target of Ralph Lauren (NYSE:RL) to $93.00 stating a potential upside of 0.05%. The dividend payment was $0.500 per share for the quarter which is $2.00 annualized. Ralph Lauren Corporation had a positive return on equity of 13.57% and a negative net margin of 1.49%. (NYSE:RL) unveiled a 13.2% decline in first quarter sales to US$1.3bn as fewer promotions deterred shoppers and as the company streamlined the business. This result exceeded the -0.23 consensus loss of the one analyst covering the company and under-performed last year's 1st quarter results by 22.22%.
Net income in the quarter tumbled 86.3% to $58 million or 14 cents per diluted share from $423 million or 93 cents in the same quarter past year. Bamco Inc Ny invested in 30,000 shares or 0.02% of the stock. BidaskClub upgraded shares of Ralph Lauren Corporation from a "hold" rating to a "buy" rating in a report on Wednesday, June 28th. Ralph Lauren Corporation's dividend payout ratio is presently -163.93%.
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Several brokerages recently issued reports on RL.
Ralph Lauren Corporation (NYSE:RL)'s stock had its "positive" rating reissued by stock analysts at UBS AG in a research report issued on Wednesday, The Fly reports. Bank of America Corporation reaffirmed a "neutral" rating and set a $80.00 price target on shares of Ralph Lauren Corporation in a research note on Thursday, July 27th. Teachers Advisors LLC increased its stake in shares of Ralph Lauren Corporation by 159.4% in the fourth quarter. They issued a "hold" rating for the company. The stock of Ralph Lauren Corp (NYSE:RL) has "Buy" rating given on Friday, February 5 by UBS. The stock of Ralph Lauren Corp (NYSE:RL) earned "Hold" rating by Brean Capital on Thursday, August 11. Also, the current price highlights a discount of 70.21% to analysts' high consensus price target.
Ralph Lauren Corporation, launched on March 20, 1997, is involved in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The decline was due to lower sales in both the retail and wholesale channels. Wholesale business consists of sales made to department stores and specialty stores around the world.