Ralph Lauren Corporation $RL Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management increased its Ralph Lauren stake by 55.5% in the second quarter, purchasing 170,091 additional shares. It now owns 476,472 shares, valued at approximately $191.3 million, or 0.8% of the company.
• Analyst sentiment remains positive, with 16 Buy ratings and two Holds; Ralph Lauren has a consensus “Moderate Buy” rating and an average price target of $445.67.
• Ralph Lauren reported quarterly EPS of $4.59, beating estimates by $0.27, while revenue reached $1.96 billion and rose 13.9% year over year. Shares opened at $346.27, down 2.2%.

Wellington Management Group LLP grew its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 55.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 476,472 shares of the textile maker's stock after purchasing an additional 170,091 shares during the quarter. Wellington Management Group LLP owned about 0.80% of Ralph Lauren worth $191,261,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blueline Advisors LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter worth $27,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren during the 3rd quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in Ralph Lauren during the 2nd quarter valued at about $28,000. Acumen Wealth Advisors LLC acquired a new position in Ralph Lauren during the 4th quarter valued at about $38,000. Finally, MUFG Securities EMEA plc purchased a new stake in Ralph Lauren in the second quarter valued at about $32,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RL has been the topic of a number of research analyst reports. Evercore restated an "outperform" rating and set a $460.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on shares of Ralph Lauren in a research report on Friday, August 7th. UBS Group lifted their target price on shares of Ralph Lauren from $511.00 to $520.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Telsey Advisory Group boosted their target price on shares of Ralph Lauren from $460.00 to $470.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Finally, Citigroup upped their price target on shares of Ralph Lauren from $400.00 to $455.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $445.67.

Ralph Lauren Stock Down 2.2%

Shares of RL stock opened at $346.27 on Tuesday. The stock's 50-day simple moving average is $384.11 and its 200-day simple moving average is $370.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The firm has a market capitalization of $20.63 billion, a PE ratio of 21.82, a P/E/G ratio of 1.33 and a beta of 1.35. Ralph Lauren Corporation has a fifty-two week low of $292.90 and a fifty-two week high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $3.77 earnings per share. Equities analysts expect that Ralph Lauren Corporation will post 18.79 earnings per share for the current year.

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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