State Treasurer State of Michigan lessened its holdings in Ralph Lauren Corp (NYSE:RL) by 17.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,541 shares of the textile maker’s stock after selling 2,700 shares during the period. State Treasurer State of Michigan’s holdings in Ralph Lauren were worth $1,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Ralph Lauren by 3,333.3% in the 1st quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock worth $27,000 after purchasing an additional 200 shares during the period. ETF Managers Group LLC raised its holdings in shares of Ralph Lauren by 9.3% in the 1st quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock worth $168,000 after purchasing an additional 110 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $177,000. Commerce Bank bought a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $203,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Ralph Lauren in the 1st quarter worth approximately $204,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

RL has been the topic of a number of research reports. Zacks Investment Research cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Nomura lowered their price target on shares of Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, May 15th. UBS Group lifted their price target on shares of Ralph Lauren from $127.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. cut shares of Ralph Lauren from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 30th. Finally, TheStreet cut shares of Ralph Lauren from a “b” rating to a “c+” rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Ralph Lauren currently has an average rating of “Hold” and a consensus price target of $131.00.

Shares of RL stock opened at $93.41 on Wednesday. The firm’s fifty day simple moving average is $107.16. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.30 and a quick ratio of 1.68. Ralph Lauren Corp has a 1 year low of $89.92 and a 1 year high of $141.62. The company has a market cap of $7.24 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.

Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, July 30th. The textile maker reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. Ralph Lauren had a net margin of 6.91% and a return on equity of 18.33%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren Corp will post 7.73 EPS for the current fiscal year.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $105.23, for a total transaction of $7,516,368.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 428,568 shares of company stock worth $46,648,913 in the last three months. Insiders own 34.26% of the company’s stock.

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.

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

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