B. Metzler seel. Sohn & Co. AG Takes Position in Ralph Lauren Corporation $RL

Key Points

• B. Metzler seel. Sohn & Co. AG has acquired a new position in Ralph Lauren Corporation, purchasing 11,915 shares valued at approximately $2.63 million.
• Analysts have adjusted their price targets for Ralph Lauren, with Wells Fargo raising theirs from $300 to $320, while UBS increased theirs from $385 to $404.
• Ralph Lauren recently reported earnings of $3.77 per share, exceeding expectations and representing a revenue increase of 13.7% year-over-year.

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,915 shares of the textile maker's stock, valued at approximately $2,630,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OMNI 360 Wealth Inc. purchased a new position in Ralph Lauren during the first quarter valued at $248,000. Crossmark Global Holdings Inc. increased its holdings in shares of Ralph Lauren by 13.5% during the first quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the textile maker's stock valued at $4,987,000 after acquiring an additional 2,684 shares in the last quarter. Triglav Skladi D.O.O. bought a new position in shares of Ralph Lauren during the fourth quarter valued at $10,872,000. Truist Financial Corp increased its holdings in shares of Ralph Lauren by 7.8% during the first quarter. Truist Financial Corp now owns 300,837 shares of the textile maker's stock valued at $66,407,000 after acquiring an additional 21,681 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Ralph Lauren by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker's stock valued at $52,421,000 after acquiring an additional 17,732 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded down $0.56 during trading hours on Friday, reaching $297.08. 578,753 shares of the stock traded hands, compared to its average volume of 727,403. The company has a 50 day moving average price of $288.88 and a 200 day moving average price of $259.80. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.50 and a beta of 1.60. Ralph Lauren Corporation has a one year low of $168.24 and a one year high of $306.34. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58.

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

Ralph Lauren declared that its board has authorized a share buyback plan on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the textile maker to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RL shares. Needham & Company LLC raised their price target on Ralph Lauren from $310.00 to $335.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Telsey Advisory Group raised their price target on Ralph Lauren from $315.00 to $335.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, August 11th. UBS Group lifted their price objective on Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group lifted their price objective on Ralph Lauren from $262.00 to $324.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $306.41.

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.