Ralph Lauren Corp (RL) Shares Sold by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN decreased its position in Ralph Lauren Corp (NYSE:RL) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 403,010 shares of the textile maker’s stock after selling 8,600 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 0.50% of Ralph Lauren worth $35,582,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Ralph Lauren by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after purchasing an additional 96 shares during the period. Pacer Advisors Inc. boosted its stake in Ralph Lauren by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after purchasing an additional 238 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Ralph Lauren in the 3rd quarter worth $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Ralph Lauren in the 3rd quarter worth $209,000. Finally, Parametrica Management Ltd acquired a new position in Ralph Lauren in the 3rd quarter worth $263,000. 66.98% of the stock is owned by institutional investors.

Shares of Ralph Lauren Corp (RL) traded down $1.15 during trading hours on Tuesday, reaching $101.19. 1,295,800 shares of the company’s stock traded hands, compared to its average volume of 1,544,437. 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 Corp has a 52-week low of $66.06 and a 52-week high of $108.91. The company has a market cap of $8,317.68, a PE ratio of 17.49, a PEG ratio of 1.23 and a beta of 0.66.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. Ralph Lauren’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 EPS. research analysts expect that Ralph Lauren Corp will post 5.56 EPS for the current year.

RL has been the subject of a number of research analyst reports. Cowen set a $89.00 target price on shares of Ralph Lauren and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Macquarie raised shares of Ralph Lauren to a “buy” rating and upped their target price for the stock from $96.00 to $100.00 in a research note on Tuesday, September 5th. Tigress Financial reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Thursday, September 28th. Miller Tabak lowered shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Credit Suisse Group raised shares of Ralph Lauren from a “neutral” rating to an “outperform” rating and set a $111.00 target price for the company in a research note on Friday, September 8th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $88.66.

In other news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the sale, the insider now directly owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 32.93% of the stock is currently owned by corporate insiders.

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Ralph Lauren Company Profile

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 (NYSE:RL)

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