Intrua Financial LLC Has $837,000 Stake in Ralph Lauren Corporation $RL

Key Points

• Intrua Financial LLC has reduced its stake in Ralph Lauren Corporation by 28.4%, now holding shares worth approximately $837,000.
• Multiple analysts have increased their price targets for Ralph Lauren, with Bank of America setting a new target at $328.00 and Wells Fargo raising it to $345.00, indicating strong market confidence.
• Ralph Lauren reported a quarterly earnings per share of $3.77, exceeding estimates and highlighting a year-over-year revenue growth of 13.7%.

Intrua Financial LLC decreased its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 28.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,792 shares of the textile maker's stock after selling 1,502 shares during the period. Intrua Financial LLC's holdings in Ralph Lauren were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RL. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Ralph Lauren by 93.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock worth $27,000 after buying an additional 59 shares in the last quarter. Sentry Investment Management LLC grew its stake in shares of Ralph Lauren by 178.0% during the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Ralph Lauren during the first quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in shares of Ralph Lauren by 180.3% during the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ralph Lauren during the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Ralph Lauren from $318.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. BMO Capital Markets increased their price objective on shares of Ralph Lauren from $197.00 to $205.00 and gave the stock an "underperform" rating in a research report on Friday, May 23rd. Zacks Research upgraded shares of Ralph Lauren to a "strong-buy" rating in a research note on Tuesday, August 12th. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Needham & Company LLC lifted their price target on shares of Ralph Lauren from $310.00 to $335.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $307.88.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $316.11 on Friday. The company has a 50 day moving average of $295.46 and a 200-day moving average of $261.89. Ralph Lauren Corporation has a 1-year low of $173.59 and a 1-year high of $321.77. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The company has a market cap of $19.15 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

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

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

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.

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