Hudson Edge Investment Partners Inc. Sells 1,965 Shares of Ralph Lauren Co. (NYSE:RL)

Hudson Edge Investment Partners Inc. cut its holdings in Ralph Lauren Co. (NYSE:RL) by 63.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,149 shares of the textile maker’s stock after selling 1,965 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Ralph Lauren were worth $201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after acquiring an additional 203,495 shares in the last quarter. Boston Partners raised its holdings in Ralph Lauren by 3.4% in the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after purchasing an additional 41,482 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Ralph Lauren by 42.2% during the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after buying an additional 189,600 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ralph Lauren by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,332 shares of the textile maker’s stock valued at $68,399,000 after buying an additional 2,098 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Ralph Lauren by 18.5% in the 2nd quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock valued at $67,398,000 after buying an additional 60,000 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RL has been the subject of a number of analyst reports. Guggenheim reissued a “buy” rating and set a $200.00 target price on shares of Ralph Lauren in a research report on Friday, May 24th. StockNews.com cut Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company reduced their target price on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Barclays increased their price target on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, Argus restated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.80.

Ralph Lauren Stock Performance

NYSE RL traded down $0.55 during trading hours on Friday, reaching $172.85. The stock had a trading volume of 1,012,234 shares, compared to its average volume of 665,978. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03. The stock has a fifty day moving average of $169.25 and a 200 day moving average of $173.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The stock has a market cap of $10.71 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.41 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $2.34 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts predict that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Company 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.