Public Employees Retirement System of Ohio Makes New $11.57 Million Investment in Ralph Lauren Corporation $RL

Key Points

• Public Employees Retirement System of Ohio acquired 28,831 Ralph Lauren shares worth approximately $11.57 million in the second quarter. Institutional investors and hedge funds collectively own 67.91% of RL.
• Ralph Lauren exceeded quarterly expectations, reporting $4.59 in earnings per share versus the $4.32 consensus estimate and $1.96 billion in revenue, up 13.9% year over year.
• Analysts remain broadly bullish, with 16 Buy ratings and two Holds contributing to a “Moderate Buy” consensus and an average price target of $445.67.

Public Employees Retirement System of Ohio acquired 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 & Exchange Commission. The institutional investor acquired 28,831 shares of the textile maker's stock, valued at approximately $11,573,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its position in shares of Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock worth $264,225,000 after acquiring an additional 952,681 shares in the last quarter. Invesco Ltd. boosted its stake in Ralph Lauren by 26.2% in the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker's stock worth $468,186,000 after purchasing an additional 275,263 shares during the period. Goldman Sachs Group Inc. boosted its stake in Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker's stock worth $316,487,000 after purchasing an additional 255,511 shares during the period. AQR Capital Management LLC boosted its stake in Ralph Lauren by 38.6% in the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker's stock worth $311,658,000 after purchasing an additional 245,242 shares during the period. Finally, First Trust Advisors LP grew its position in Ralph Lauren by 70.5% during the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker's stock worth $207,295,000 after purchasing an additional 242,386 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.1%

Shares of NYSE:RL opened at $353.55 on Monday. The firm has a fifty day moving average of $385.39 and a two-hundred day moving average of $370.67. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. Ralph Lauren Corporation has a 12-month low of $292.90 and a 12-month high of $421.60. The firm has a market capitalization of $21.07 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business posted $3.77 earnings per share. Ralph Lauren's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts expect that Ralph Lauren Corporation will post 18.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RL has been the subject of a number of research analyst reports. Barclays increased their target price on Ralph Lauren from $439.00 to $463.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price target on Ralph Lauren in a report on Friday, August 7th. Raymond James Financial reissued an "outperform" rating and set a $425.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th. BTIG Research increased their price objective on Ralph Lauren from $450.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Finally, Citigroup raised their price objective on Ralph Lauren from $400.00 to $455.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of "Moderate Buy" and an average price target of $445.67.

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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