Ralph Lauren Corporation $RL Stock Holdings Lifted by California State Teachers Retirement System

California State Teachers Retirement System increased its holdings in Ralph Lauren Corporation (NYSE:RL - Free Report) by 38,897.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,584,166 shares of the textile maker's stock after buying an additional 17,539,076 shares during the period. California State Teachers Retirement System owned about 29.51% of Ralph Lauren worth $7,058,460,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Summit Global Investments boosted its stake in Ralph Lauren by 2.0% in the first quarter. Summit Global Investments now owns 1,510 shares of the textile maker's stock valued at $519,000 after acquiring an additional 29 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Ralph Lauren by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker's stock worth $1,565,000 after purchasing an additional 31 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Ralph Lauren by 14.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker's stock worth $90,000 after purchasing an additional 31 shares during the last quarter. Polymer Capital Management US LLC lifted its holdings in shares of Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker's stock worth $1,013,000 after purchasing an additional 34 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in Ralph Lauren by 3.0% during the 4th quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker's stock valued at $445,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

Analysts Set New Price Targets

RL has been the subject of a number of recent research reports. Wall Street Zen downgraded Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company raised their target price on Ralph Lauren from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft set a $446.00 price target on shares of Ralph Lauren in a report on Friday, August 7th. Raymond James Financial restated an "outperform" rating and set a $425.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th. Finally, Citigroup increased their price objective on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and a consensus price target of $445.67.

Ralph Lauren Stock Down 1.2%

RL opened at $346.98 on Wednesday. The stock's 50 day moving average price is $376.66 and its 200 day moving average price is $369.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The stock has a market cap of $20.67 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.32 and a beta of 1.34. Ralph Lauren Corporation has a 12 month low of $299.98 and a 12 month high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.32 by $0.27. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.77 EPS. As a group, research analysts predict 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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