Ralph Lauren Corporation $RL Shares Sold by HS Management Partners LLC

Key Points

• HS Management Partners LLC reduced its stake in Ralph Lauren Corporation by 30.5%, now owning approximately 172,614 shares valued at $47.35 million.
• Ralph Lauren's quarterly earnings report revealed earnings per share of $3.77, surpassing analyst expectations of $3.50, with a year-over-year revenue increase of 13.7%.
• Several analysts have raised their price targets for Ralph Lauren shares, with UBS Group setting a new target of $404.00 while maintaining a "buy" rating.

HS Management Partners LLC lessened its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 30.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,614 shares of the textile maker's stock after selling 75,895 shares during the quarter. Ralph Lauren comprises approximately 3.9% of HS Management Partners LLC's holdings, making the stock its 12th biggest holding. HS Management Partners LLC owned approximately 0.29% of Ralph Lauren worth $47,345,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker's stock valued at $245,468,000 after acquiring an additional 414,275 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Ralph Lauren by 22.3% in the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker's stock valued at $333,958,000 after purchasing an additional 275,391 shares in the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 253,244 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Ralph Lauren during the 1st quarter worth approximately $37,517,000. Finally, Trexquant Investment LP raised its holdings in Ralph Lauren by 509.5% in the first quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker's stock valued at $34,891,000 after buying an additional 132,128 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RL shares. UBS Group boosted their price objective on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. raised their price objective on Ralph Lauren from $423.00 to $430.00 and gave the company an "overweight" rating in a research report on Friday. Wall Street Zen raised Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Telsey Advisory Group raised their target price on Ralph Lauren from $335.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $312.82.

Ralph Lauren Stock Up 3.0%

Shares of NYSE RL opened at $312.04 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $321.77. The stock's 50-day simple moving average is $300.85 and its 200-day simple moving average is $266.46. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.53 and a beta of 1.60.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $2.70 EPS. Ralph Lauren's quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.9125 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.2%. Ralph Lauren's dividend payout ratio is currently 29.15%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.