Lodge Hill Capital LLC Takes Position in Ralph Lauren Corporation $RL

Key Points

• Lodge Hill Capital LLC has acquired 51,630 shares of Ralph Lauren Corporation, valued at about $11.4 million, making it the firm's 19th largest holding.
• Ralph Lauren's recent quarterly earnings surpassed expectations, reporting $3.77 EPS against an anticipated $3.50, with revenues of $1.72 billion, reflecting a 13.7% increase year-over-year.
• Multiple analysts have upgraded Ralph Lauren's stock, with Wells Fargo raising its target price from $300 to $320, indicating a strong outlook for the company's performance.

Lodge Hill Capital LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,630 shares of the textile maker's stock, valued at approximately $11,397,000. Ralph Lauren comprises approximately 2.7% of Lodge Hill Capital LLC's investment portfolio, making the stock its 19th largest holding. Lodge Hill Capital LLC owned 0.08% of Ralph Lauren at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RL. Kestra Private Wealth Services LLC increased its position in Ralph Lauren by 4.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker's stock valued at $231,000 after buying an additional 42 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in shares of Ralph Lauren by 3.4% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker's stock worth $300,000 after buying an additional 45 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Ralph Lauren by 93.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Blue Trust Inc. lifted its position in Ralph Lauren by 17.6% during the first quarter. Blue Trust Inc. now owns 415 shares of the textile maker's stock valued at $92,000 after purchasing an additional 62 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Ralph Lauren by 25.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker's stock valued at $73,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Ralph Lauren from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $360.00 price objective (up previously from $321.00) on shares of Ralph Lauren in a research note on Friday, August 8th. Evercore ISI increased their target price on Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Bank of America increased their price objective on Ralph Lauren from $318.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Telsey Advisory Group raised their target price on Ralph Lauren from $315.00 to $335.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. 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 company. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of "Moderate Buy" and a consensus price target of $306.41.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $294.81 on Thursday. The firm's fifty day simple moving average is $287.61 and its 200-day simple moving average is $259.65. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.48 and a beta of 1.53. Ralph Lauren Corporation has a 12 month low of $167.32 and a 12 month high of $306.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

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

Ralph Lauren announced that its board has initiated a share buyback program on Thursday, May 22nd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the textile maker to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board 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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