Braun Stacey Associates Inc. Purchases New Shares in Ralph Lauren Corporation $RL

Key Points

• Braun Stacey Associates purchased 66,556 Ralph Lauren shares worth approximately $26.7 million, taking a 0.11% stake. Institutional investors collectively own 67.91% of the company.
• Analyst sentiment remains positive, with 16 Buy ratings and two Holds; Ralph Lauren has a consensus rating of Moderate Buy and an average price target of $445.67.
• Ralph Lauren exceeded quarterly expectations, reporting $4.59 in earnings per share versus the $4.32 estimate and revenue of $1.96 billion. Revenue increased 13.9% year over year.

Braun Stacey Associates Inc. purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 66,556 shares of the textile maker's stock, valued at approximately $26,716,000. Braun Stacey Associates Inc. owned 0.11% of Ralph Lauren as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC increased its holdings in shares of Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock worth $264,225,000 after purchasing an additional 952,681 shares during the period. Invesco Ltd. boosted its stake in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker's stock valued at $468,186,000 after buying an additional 275,263 shares during the period. Goldman Sachs Group Inc. grew its position in Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker's stock worth $316,487,000 after buying an additional 255,511 shares in the last quarter. AQR Capital Management LLC grew its position in Ralph Lauren by 38.6% during the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker's stock worth $311,658,000 after buying an additional 245,242 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Ralph Lauren by 70.5% during the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker's stock worth $207,295,000 after buying an additional 242,386 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Evercore reiterated an "outperform" rating and set a $460.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Weiss Ratings cut Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday. Telsey Advisory Group boosted their price target on Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on shares of Ralph Lauren in a research report on Friday, August 7th. Finally, Barclays increased their price objective on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $445.67.

Ralph Lauren Trading Up 0.5%

Shares of RL opened at $353.55 on Friday. Ralph Lauren Corporation has a 52-week low of $292.90 and a 52-week high of $421.60. The business's fifty day moving average is $385.39 and its 200-day moving average is $370.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.32 and a beta of 1.35.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.27. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.Ralph Lauren's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.77 EPS. Equities analysts anticipate that Ralph Lauren Corporation will post 18.79 EPS for the current fiscal year.

Ralph Lauren Profile

Ralph Lauren Corporation NYSE: RL is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men's neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren's product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

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