Ralph Lauren Corporation $RL Shares Sold by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Ralph Lauren Corporation by 67.4%, now holding only 570 shares, valued at approximately $126,000.
• Ralph Lauren reported earnings per share of $3.77 for the last quarter, exceeding estimates and showing a 13.7% year-over-year revenue increase to $1.72 billion.
• The company has initiated a $1.50 billion stock repurchase plan, authorizing the buyback of up to 8.8% of its shares, indicating management believes the stock is undervalued.

Edmond DE Rothschild Holding S.A. cut its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 67.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 570 shares of the textile maker's stock after selling 1,179 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Ralph Lauren were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. purchased a new position in Ralph Lauren in the 1st quarter valued at about $248,000. Crossmark Global Holdings Inc. boosted its position in Ralph Lauren by 13.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the textile maker's stock valued at $4,987,000 after buying an additional 2,684 shares during the last quarter. Triglav Skladi D.O.O. purchased a new position in Ralph Lauren in the 4th quarter valued at about $10,872,000. Truist Financial Corp boosted its position in Ralph Lauren by 7.8% in the 1st quarter. Truist Financial Corp now owns 300,837 shares of the textile maker's stock valued at $66,407,000 after buying an additional 21,681 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Ralph Lauren by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker's stock valued at $52,421,000 after buying an additional 17,732 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL stock traded down $1.77 on Friday, hitting $314.58. 131,905 shares of the stock traded hands, compared to its average volume of 841,208. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. The company has a market capitalization of $19.06 billion, a PE ratio of 25.13, a PEG ratio of 1.58 and a beta of 1.60. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $321.77. The company's fifty day moving average is $295.46 and its 200 day moving average is $261.89.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 EPS. On average, equities research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren announced that its board has initiated a stock buyback plan on Thursday, May 22nd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Cowen reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Thursday, May 22nd. Citigroup upped their target price on Ralph Lauren from $250.00 to $295.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Cfra Research raised Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Ralph Lauren in a research report on Wednesday, August 27th. Finally, Barclays reaffirmed an "overweight" rating and issued a $360.00 target price (up from $321.00) on shares of Ralph Lauren in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $308.76.

About Ralph Lauren

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.