Ralph Lauren Corporation (NYSE:RL) Stock Price Up 13.3% Following Strong Earnings

Ralph Lauren Corporation (NYSE:RL) Stock Price Up 13.3% Following Strong Earnings

Tigress Financial added the stock to its research portfolio giving it an initial rating of "Neutral". Stephens maintained the shares of TRMK in report on Monday, August 7 with "Hold" rating. Investors of record on Friday, June 30th were paid a dividend of $0.50 per share. They issued a "sector perform" rating and a $84.00 target price for the company.

Clinton Group Inc decreased Ralph Lauren Corp (RL) stake by 70.19% reported in 2016Q4 SEC filing. 2,093,433 shares of the company traded hands. The Georgia-based Ridgeworth Cap Lc has invested 0.56% in Ralph Lauren Corp (NYSE:RL). It has underperformed by 38.99% the S&P500.The move comes after 5 months positive chart setup for the $6.87 billion company.

Investment Counselors of Maryland LLC held its position in shares of Ralph Lauren Corporation (NYSE:RL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Therefore 22% are positive. Ralph Lauren Corporation had a negative net margin of 1.49% and a positive return on equity of 13.57%. The stock of Ralph Lauren Corp (NYSE:RL) earned "Underweight" rating by PiperJaffray on Friday, February 3. The firm has "Hold" rating by Independent Research given on Tuesday, October 25. The firm has "Market Perform" rating given on Thursday, March 31 by Wells Fargo. The ex-dividend date was set for Wednesday the 28th of June 2017.

RL has been the subject of a number of recent research reports. The rating was maintained by UBS on Friday, February 5 with "Buy".

In a Nutshell: As Ralph Lauren Corp. continues its "Way Forward" strategic plan aimed at driving quality of sales up by moderating discount levels across all regions, the company said Tuesday that it's set to exit between 20 percent and 25 percent of "underperforming" USA department stores by the end of the fiscal year. Excluding items, the company earned $1.11 per share, topping analysts estimates. On average, equities analysts forecast that Ralph Lauren Corporation will post $4.77 earnings per share for the current year.

This increase is typical for the uptrend and shows the considerable optimism among investors. Its up 0.28, from 0.87 in 2016Q3.

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The meeting, Walden said, took place more than two months ago and was simply "exploratory". It centered on the day-to-day lives of a middle-class family in Texas.

Want to see what other hedge funds are holding RL? 5,351 were reported by Creative Planning. Fayez Sarofim Com holds 121,860 shares or 0.06% of its portfolio. Oppenheimer And reported 0.01% in Ralph Lauren Corp (NYSE:RL). Nuveen Asset Management Ltd Limited Liability Company accumulated 3,483 shares. X Mgmt Ltd Liability Corp reported 196 shares. Massmutual Fsb Adv has invested 0% in Ralph Lauren Corp (NYSE:RL). The stock rose 1.54% or $1.17 reaching $77.24 per share. Johnson Fincl stated it has 0.92% in AT&T Inc. Disciplined Growth Mn holds 414,663 shares. Royal Bank Of Canada started coverage on Ralph Lauren Corporation in a report on Monday, April 10th. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The company's market capitalization is $4.21 billion. The Company operates through three segments: Wholesale, Retail and Licensing. It now has negative earnings. Wholesale business consists of sales made to department stores and specialty stores around the world.

About 719,345 shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since August 8, 2016 and is downtrending. It has outperformed by 224.09% the S&P500.

Investors sentiment increased to 1.16 in Q4 2016.

As of quarter end Dupont Capital Management Corp had sold a total of 32,578 shares trimming its holdings by 98.4%. 115 funds opened positions while 706 raised stakes. During the same quarter previous year, the company earned $0.88 EPS. (NYSE:MSI) stake by 15,260 shares and now owns 131,376 shares. 518,503 are owned by Ameriprise Finance. Sunbelt Securities Inc. increased its position in Ralph Lauren Corporation by 0.6% in the first quarter. Tobam holds 56,572 shares. Nationwide Fund reported 177,860 shares. Bank of America has "Neutral" rating and $96 target. The company has market cap of $80.08 billion. The Company's principal subsidiary is Trustmark National Bank. It has a 8.77 P/E ratio.

Here are some other firms who have updated their holdings.

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