Groupe la Francaise Reduces Holdings in Ralph Lauren Corporation $RL

Key Points

• Groupe la Francaise cut its Ralph Lauren stake by 14.2% in the second quarter, selling 10,118 shares and retaining 60,995 shares valued at approximately $24.5 million. Institutional investors and hedge funds collectively own 67.91% of the company.
• Analysts remain bullish, with 16 Buy ratings and two Holds producing a consensus “Moderate Buy” rating 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 $1.96 billion in revenue, up 13.9% year over year.

Groupe la Francaise lowered its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 14.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,995 shares of the textile maker's stock after selling 10,118 shares during the period. Groupe la Francaise owned approximately 0.10% of Ralph Lauren worth $24,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in Ralph Lauren by 38,897.9% in the second quarter. California State Teachers Retirement System now owns 17,584,166 shares of the textile maker's stock worth $7,058,460,000 after acquiring an additional 17,539,076 shares during the period. Invesco Ltd. raised its position in 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 purchasing an additional 275,263 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ralph Lauren by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker's stock valued at $370,852,000 after purchasing an additional 54,686 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock valued at $264,225,000 after purchasing an additional 952,681 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Ralph Lauren by 11.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker's stock valued at $295,321,000 after purchasing an additional 98,511 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group raised their price objective on Ralph Lauren from $511.00 to $520.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Needham & Company LLC upped their target price on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $425.00 target price on shares of Ralph Lauren in a research note 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 company an "overweight" rating in a research note on Tuesday, August 4th. Finally, Citigroup upped their price objective on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Ralph Lauren currently has a consensus rating of "Moderate Buy" and a consensus target price of $445.67.

Ralph Lauren Price Performance

RL opened at $351.08 on Monday. The firm has a market cap of $20.92 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.32 and a beta of 1.34. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The stock's 50-day moving average price is $378.68 and its 200 day moving average price is $369.98. Ralph Lauren Corporation has a 12-month low of $299.98 and a 12-month high of $421.60.

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

Ralph Lauren Company 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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