HS Management Partners LLC Invests $10.25 Million in Ralph Lauren Corporation $RL

Key Points

• HS Management Partners purchased a new $10.25 million stake in Ralph Lauren during the second quarter, making the stock its 17th-largest holding and representing about 3.5% of its portfolio. Institutional investors collectively own 67.91% of Ralph Lauren.
• Ralph Lauren reported stronger-than-expected quarterly results, with EPS of $4.59 versus the $4.32 consensus and revenue of $1.96 billion versus $1.87 billion expected. Revenue increased 13.9% year over year.
• Wall Street remains bullish: 16 analysts rate the stock Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $445.67, above the reported $377.90 share price.

HS Management Partners LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,525 shares of the textile maker's stock, valued at approximately $10,246,000. Ralph Lauren makes up about 3.5% of HS Management Partners LLC's investment portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. M&T Bank Corp lifted its position in Ralph Lauren by 6,216.7% during the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker's stock worth $25,933,000 after buying an additional 72,176 shares in the last quarter. Vest Financial LLC lifted its position in shares of Ralph Lauren by 177.9% during the fourth quarter. Vest Financial LLC now owns 54,701 shares of the textile maker's stock worth $19,343,000 after purchasing an additional 35,016 shares in the last quarter. Truist Financial Corp grew its stake in shares of Ralph Lauren by 8.1% during the fourth quarter. Truist Financial Corp now owns 371,086 shares of the textile maker's stock valued at $131,220,000 after purchasing an additional 27,848 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $1,815,000. Finally, Broad Peak Investment Advisers Pte Ltd raised its position in Ralph Lauren by 41.3% in the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 27,026 shares of the textile maker's stock worth $9,557,000 after purchasing an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Down 0.4%

Ralph Lauren stock opened at $377.90 on Wednesday. The company's 50 day simple moving average is $391.44 and its 200 day simple moving average is $369.85. Ralph Lauren Corporation has a fifty-two week low of $283.50 and a fifty-two week high of $421.60. The firm has a market capitalization of $22.52 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.46 and a beta of 1.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating the consensus estimate of $4.32 by $0.27. The firm had revenue of $1.96 billion during 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 quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.77 earnings per share. As a group, sell-side analysts anticipate that Ralph Lauren Corporation will post 18.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on RL. Needham & Company LLC increased their price objective on Ralph Lauren from $405.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Telsey Advisory Group raised their price target on Ralph Lauren from $460.00 to $470.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a report on Friday, August 7th. Evercore restated an "outperform" rating and set a $460.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Finally, Barclays lifted their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an "overweight" rating in a research report 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, Ralph Lauren currently has a consensus rating of "Moderate Buy" and an average target price of $445.67.

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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