Mutual of America Capital Management LLC Sells 1,907 Shares of Ralph Lauren Corporation $RL

Mutual of America Capital Management LLC reduced its position in shares of Ralph Lauren Corporation (NYSE:RL) by 12.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,771 shares of the textile maker’s stock after selling 1,907 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ralph Lauren were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in Ralph Lauren during the 1st quarter worth about $33,000. Brooklyn Investment Group raised its holdings in Ralph Lauren by 180.3% during the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock worth $38,000 after purchasing an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Ralph Lauren during the 1st quarter worth about $39,000. Gordian Capital Singapore Pte Ltd bought a new stake in Ralph Lauren during the 1st quarter worth about $43,000. Finally, Private Trust Co. NA raised its holdings in Ralph Lauren by 189.8% during the 2nd quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock worth $47,000 after purchasing an additional 112 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $337.04 on Friday. The firm has a market capitalization of $20.41 billion, a P/E ratio of 26.92, a PEG ratio of 1.65 and a beta of 1.61. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $340.61. The business has a 50-day moving average of $311.02 and a 200-day moving average of $279.90. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $2.70 EPS. Ralph Lauren’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.9125 dividend. The ex-dividend date was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is currently 29.15%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Needham & Company LLC boosted their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Telsey Advisory Group boosted their price objective on Ralph Lauren from $335.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Barclays dropped their price objective on Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Evercore ISI boosted their target price on Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $336.12.

Ralph Lauren Profile

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.