Magnetar Financial LLC Has $2.35 Million Position in Ralph Lauren Corporation $RL

Key Points

• Magnetar Financial LLC increased its stake in Ralph Lauren by 190.8% in Q3 to 7,494 shares, valued at about $2.35 million.
• Analysts rate RL a consensus "Moderate Buy" with a $389.06 target; the company recently beat quarterly estimates (EPS $6.22 vs. $5.80, revenue $2.41B vs. $2.30B) and trades near its 1‑year high.
• CEO Patrice Louvet sold 47,000 shares at roughly $354.22 (≈$16.65M), reducing his holding by about 35.5%, while insiders still own ~38.34% of the stock.

Magnetar Financial LLC lifted its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 190.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,494 shares of the textile maker's stock after buying an additional 4,917 shares during the quarter. Magnetar Financial LLC's holdings in Ralph Lauren were worth $2,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RL. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren during the second quarter worth approximately $28,000. Rothschild Investment LLC grew its position in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Ralph Lauren during the second quarter worth approximately $32,000. MAI Capital Management increased its stake in shares of Ralph Lauren by 248.4% during the third quarter. MAI Capital Management now owns 108 shares of the textile maker's stock worth $34,000 after purchasing an additional 77 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Ralph Lauren by 57.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker's stock worth $39,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RL shares. Telsey Advisory Group restated an "outperform" rating and issued a $435.00 price target on shares of Ralph Lauren in a research note on Thursday, February 5th. Barclays lifted their target price on Ralph Lauren from $416.00 to $430.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. Zacks Research upgraded shares of Ralph Lauren from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 9th. Guggenheim started coverage on shares of Ralph Lauren in a research report on Tuesday, December 9th. They set a "neutral" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of "Moderate Buy" and a consensus target price of $389.06.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $334.53 on Friday. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15. The stock has a market capitalization of $20.25 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The company's 50 day simple moving average is $360.35 and its 200 day simple moving average is $341.94.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.42. The firm had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.82 earnings per share. As a group, research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Insider Buying and Selling at Ralph Lauren

In related news, CEO Patrice Louvet sold 47,000 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares of the company's stock, valued at $30,304,229.44. This trade represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 38.34% of the stock is currently owned by corporate insiders.

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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