Trexquant Investment LP Acquires 132,128 Shares of Ralph Lauren Corporation $RL

Key Points

• Trexquant Investment LP significantly increased its stake in Ralph Lauren Corporation by 509.5%, acquiring an additional 132,128 shares and bringing its total holdings to 158,062 shares.
• Ralph Lauren's stock has received mixed reviews from analysts, with Telsey Advisory Group raising the target price to $335.00 while other firms issued different ratings ranging from "buy" to "hold."
• The company reported a 13.7% increase in quarterly revenue year-over-year, achieving $3.77 earnings per share and surpassing analysts' expectations of $3.50.

Trexquant Investment LP raised its holdings in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 509.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,062 shares of the textile maker's stock after purchasing an additional 132,128 shares during the quarter. Ralph Lauren makes up approximately 0.4% of Trexquant Investment LP's portfolio, making the stock its 25th largest holding. Trexquant Investment LP owned 0.26% of Ralph Lauren worth $34,891,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Ralph Lauren by 93.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in Ralph Lauren by 178.0% during the first quarter. Sentry Investment Management LLC now owns 139 shares of the textile maker's stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Ralph Lauren by 180.3% during the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Ralph Lauren during the first quarter valued at about $39,000. Finally, Parallel Advisors LLC lifted its holdings in Ralph Lauren by 74.4% during the first quarter. Parallel Advisors LLC now owns 272 shares of the textile maker's stock valued at $60,000 after purchasing an additional 116 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

RL traded down $0.56 on Monday, reaching $297.08. The company had a trading volume of 578,753 shares, compared to its average volume of 727,403. The business has a 50 day simple moving average of $288.88 and a 200 day simple moving average of $259.80. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.50 and a beta of 1.60. 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 52-week low of $168.24 and a 52-week high of $306.34.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results 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. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. Ralph Lauren's quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $2.70 earnings per share. As a group, sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren declared that its Board of Directors has approved a share repurchase plan on Thursday, May 22nd that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the textile maker to purchase up to 8.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

RL has been the topic of several recent research reports. Wall Street Zen downgraded shares of Ralph Lauren from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Evercore ISI increased their price target on shares of Ralph Lauren from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Wells Fargo & Company increased their price target on shares of Ralph Lauren from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group increased their price target on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Ralph Lauren in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Ralph Lauren has a consensus rating of "Moderate Buy" and an average price target of $306.41.

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.