Corient Private Wealth LP Reduces Stake in Ralph Lauren Corporation $RL

Key Points

• Corient Private Wealth reduced its Ralph Lauren stake by 21.8% in the second quarter, selling 11,408 shares and retaining 40,839 shares valued at approximately $16.4 million.
• Institutional ownership remains significant at 67.91%, with several major investors—including California State Teachers Retirement System, Goldman Sachs and First Trust Advisors—adding to their positions.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $445.67. Ralph Lauren also exceeded quarterly EPS and revenue estimates and declared a $1.00 quarterly dividend.

Corient Private Wealth LP lowered its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 21.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,839 shares of the textile maker's stock after selling 11,408 shares during the quarter. Corient Private Wealth LP owned 0.07% of Ralph Lauren worth $16,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RL. California State Teachers Retirement System grew its position in Ralph Lauren by 38,897.9% during the second quarter. California State Teachers Retirement System now owns 17,584,166 shares of the textile maker's stock valued at $7,058,460,000 after buying an additional 17,539,076 shares during the period. Geode Capital Management LLC lifted its position in shares of Ralph Lauren by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker's stock valued at $370,852,000 after acquiring an additional 54,686 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Ralph Lauren by 40.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker's stock worth $316,487,000 after acquiring an additional 255,511 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Ralph Lauren by 20.0% in the first quarter. First Trust Advisors LP now owns 703,637 shares of the textile maker's stock worth $242,044,000 after acquiring an additional 117,412 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Ralph Lauren by 6.4% during the first quarter. Jennison Associates LLC now owns 593,537 shares of the textile maker's stock worth $204,171,000 after purchasing an additional 35,525 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RL shares. Wells Fargo & Company raised their price objective on Ralph Lauren from $415.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Telsey Advisory Group increased their target price on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. BTIG Research increased their price objective on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Citigroup raised their target price on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Ralph Lauren has a consensus rating of "Moderate Buy" and a consensus price target of $445.67.

Ralph Lauren Stock Performance

NYSE RL opened at $341.73 on Tuesday. Ralph Lauren Corporation has a twelve month low of $299.98 and a twelve month high of $421.60. The stock has a market cap of $20.36 billion, a PE ratio of 21.53, a P/E/G ratio of 1.27 and a beta of 1.34. The stock has a fifty day simple moving average of $371.90 and a 200-day simple moving average of $368.59. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53.

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

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. Ralph Lauren's payout ratio is presently 25.20%.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company's products include men's, women's and children's clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.

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