Ralph Lauren Corporation $RL Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC lessened its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 26.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,146 shares of the textile maker’s stock after selling 2,547 shares during the period. Hilton Capital Management LLC’s holdings in Ralph Lauren were worth $1,960,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RL. AQR Capital Management LLC boosted its stake in Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after acquiring an additional 414,275 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Ralph Lauren by 118.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock worth $106,458,000 after purchasing an additional 210,343 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Ralph Lauren by 26.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock worth $231,306,000 after purchasing an additional 174,847 shares during the last quarter. Fisher Asset Management LLC boosted its position in Ralph Lauren by 116.6% during the 2nd quarter. Fisher Asset Management LLC now owns 267,742 shares of the textile maker’s stock valued at $73,436,000 after purchasing an additional 144,155 shares during the period. Finally, Trexquant Investment LP grew its stake in Ralph Lauren by 509.5% during the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock worth $34,891,000 after buying an additional 132,128 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $370.58 on Friday. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.78 and a beta of 1.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $374.62. The stock’s 50 day moving average price is $337.35 and its 200 day moving average price is $307.62.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company posted $2.54 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Wells Fargo & Company boosted their price objective on Ralph Lauren from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus target price of $352.13.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.