Ralph Lauren shares gain as first quarter earnings smash analysts' estimates

Ralph Lauren Fit Gala Honoring Terry J. Lundgren Marriott Marquis New York USA- 22 Mar 2017

Roanoke Asset Management Corp NY cut its stake in Ralph Lauren Corporation (NYSE:RL) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,084 shares of the textile maker's stock after selling 7,169 shares during the period. Institutional investors and hedge funds own 58.15% of the company's stock. Capstone Asset Management Co. raised its position in Ralph Lauren Corporation by 1.7% in the second quarter.

Over the past five trading sessions shares of Aflac Incorporated (NYSE:AFL) are 4.99%; 3.41% for the month; 8.85% for the last quarter; 19.37% for the past six-months; and 12.51% for the last 12 months. The last close places the company's stock about $37.95 off its 52 week high of $114 and $9.99 above the 52 week low of $66.06.

WARNING: "Ralph Lauren Corporation (NYSE:RL) Stake Held by Investment Counselors of Maryland LLC" was first posted by StockNewsTimes and is owned by of StockNewsTimes. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker's stock valued at $139,000 after buying an additional 300 shares during the last quarter. Intellectus Partners LLC raised its stake in Ralph Lauren Corporation by 18.2% in the first quarter. Finally, Smith Graham & Co. Mason Street Advisors LLC raised its position in Ralph Lauren Corporation by 1.0% in the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker's stock worth $162,000 after buying an additional 979 shares during the last quarter. About shares traded. Ralph Lauren Corp (NYSE:RL) has declined 22.29% since August 4, 2016 and is downtrending. The company has a market cap of $4.16B and its 12 month revenue was nearly $807.20M.

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Shares last traded at $77.29 a tad higher than the 50 day moving average of $72.80 and a tad under the 200 day moving average of $77.30. The value of the total investment in Ralph Lauren Corporation went from $593,000 to $527,000 a change of $66,000 since the last quarter.

Ralph Lauren Corporation (NYSE:RL) last issued its earnings results on Thursday, May 18th. It was also a boon to RL stock by beating out Wall Street's earnings per share estimate of 94 cents for the quarter. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. The fashion design company reported a net loss of $22.3 million in its fiscal first quarter of the previous year. During the same period a year ago, the company earned $0.88 earnings per share. Ralph Lauren Corporation also recently declared a dividend that was paid on Fri Jul 14, 2017. Shareholders of record on Friday, June 30th were issued a dividend of $0.50 per share. The company was maintained on Wednesday, June 8 by Telsey Advisory Group. This represents a $2.00 annualized dividend and a dividend yield of 2.59%. Raymond James And Assoc reported 0% of its portfolio in Ralph Lauren Corp (NYSE:RL). If you are viewing this story on another site, it was illegally stolen and reposted in violation of worldwide copyright and trademark legislation. Schwab Charles Investment Management invested 0.03% in Ralph Lauren Corp (NYSE:RL).

RL has been the topic of several analyst reports. The stock of Ralph Lauren Corp (NYSE:RL) earned "Neutral" rating by Citigroup on Thursday, February 2. RBC Capital Markets maintained the shares of RL in report on Tuesday, April 11 with "Sector Perform" rating. Vetr lowered Ralph Lauren Corporation from a "hold" rating to a "sell" rating and set a $77.89 target price for the company.in a research note on Monday, April 10th. In this case performance of tends to percentage rate of return for a stock for a given time frame. Credit Suisse Group reaffirmed a "neutral" rating and set a $74.00 price target (down previously from $78.00) on shares of Ralph Lauren Corporation in a research report on Friday, May 19th. It looks like analysts are feeling bullish about the stock with overall sell-side analysts calling it a not a Buy. On September 27 Macquarie left the company rating at "Outperform" but moved down the price target to $121.00 from $128.00.

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