Ralph Lauren Corporation $RL Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Ralph Lauren Corporation by 8,741.2% during the first quarter, now holding 123,600 shares valued at approximately $27.3 million.
• Analysts have raised their price targets for Ralph Lauren, with Jefferies Financial Group increasing it from $250 to $328, while Zacks has upgraded the stock to a "strong buy" rating.
• Ralph Lauren reported a quarterly EPS of $3.77, beating estimates, and has announced a stock repurchase program allowing for the buyback of up to $1.50 billion of its shares.

Jump Financial LLC lifted its stake in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 8,741.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 123,600 shares of the textile maker's stock after acquiring an additional 122,202 shares during the period. Jump Financial LLC owned 0.20% of Ralph Lauren worth $27,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RL. Invesco Ltd. raised its holdings in shares of Ralph Lauren by 22.3% during the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker's stock worth $333,958,000 after acquiring an additional 275,391 shares during the period. GAMMA Investing LLC raised its holdings in shares of Ralph Lauren by 24,164.5% during the 1st quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker's stock worth $56,132,000 after acquiring an additional 253,244 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Ralph Lauren during the 1st quarter worth $37,517,000. Nuveen LLC purchased a new position in shares of Ralph Lauren during the 1st quarter worth $23,520,000. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter worth about $20,788,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised their price objective on Ralph Lauren from $262.00 to $324.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen downgraded Ralph Lauren from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BMO Capital Markets raised their price objective on Ralph Lauren from $197.00 to $205.00 and gave the stock an "underperform" rating in a research report on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Ralph Lauren from $355.00 to $406.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $306.41.

Ralph Lauren Trading Up 0.5%

NYSE RL traded up $1.61 during trading on Wednesday, hitting $294.81. The stock had a trading volume of 613,195 shares, compared to its average volume of 861,217. The company has a market capitalization of $17.86 billion, a PE ratio of 23.55, a PEG ratio of 1.45 and a beta of 1.53. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $287.07 and a 200 day moving average price of $259.41. Ralph Lauren Corporation has a twelve month low of $167.32 and a twelve month high of $306.34.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 33.72% and a net margin of 10.91%.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 research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren declared that its board has authorized a stock repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the textile maker to repurchase 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 stock is undervalued.

Ralph Lauren Company 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.