Oregon Public Employees Retirement Fund Acquires 7,434 Shares of Ralph Lauren Corporation (RL)

Oregon Public Employees Retirement Fund raised its holdings in Ralph Lauren Corporation (NYSE:RL) by 125.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,342 shares of the textile maker’s stock after buying an additional 7,434 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ralph Lauren Corporation were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Gateway Investment Advisers LLC lifted its position in shares of Ralph Lauren Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock valued at $276,000 after purchasing an additional 12 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of Ralph Lauren Corporation by 1.7% during the second quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock valued at $272,000 after purchasing an additional 60 shares in the last quarter. Amalgamated Bank lifted its position in shares of Ralph Lauren Corporation by 2.1% during the first quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 84 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Ralph Lauren Corporation by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 96 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Ralph Lauren Corporation by 1.9% during the second quarter. CIBC Asset Management Inc now owns 6,573 shares of the textile maker’s stock valued at $485,000 after purchasing an additional 124 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ralph Lauren Corporation (NYSE RL) opened at $87.20 on Wednesday. The firm has a market cap of $7,042.98, a P/E ratio of 14.81, a PEG ratio of 1.03 and a beta of 0.63. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The business’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 EPS. research analysts predict that Ralph Lauren Corporation will post 5.61 earnings per share for the current year.

Several brokerages have commented on RL. TheStreet raised shares of Ralph Lauren Corporation from a “c” rating to a “b-” rating in a research report on Monday, November 6th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $81.00 price objective on shares of Ralph Lauren Corporation in a research report on Thursday, August 10th. Atlantic Securities raised shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $68.00 to $93.00 in a research report on Wednesday, August 9th. Royal Bank Of Canada set a $88.00 price objective on shares of Ralph Lauren Corporation and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, UBS AG reaffirmed a “positive” rating and issued a $90.00 price objective (up previously from $73.00) on shares of Ralph Lauren Corporation in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ralph Lauren Corporation presently has a consensus rating of “Hold” and an average target price of $88.77.

In other news, insider Valerie Hermann sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the completion of the sale, the insider now directly owns 35,028 shares in the company, valued at approximately $3,195,254.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 32.93% of the company’s stock.

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About Ralph Lauren Corporation

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

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

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