VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Ralph Lauren Corporation $RL

Key Points

• Virginia Retirement Systems purchased 8,033 shares of Ralph Lauren worth approximately $3.225 million, while other major institutions also increased their holdings. Institutional investors collectively own 67.91% of the company.
• Analysts remain broadly positive: 16 analysts rate Ralph Lauren a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $445.67.
• Ralph Lauren reported quarterly EPS of $4.59 versus the $4.32 estimate and revenue of $1.96 billion versus expectations of $1.87 billion. The stock opened at $336.41, down 3.1%, with a 12-month range of $299.98 to $421.60.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Ralph Lauren Corporation (NYSE:RL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,033 shares of the textile maker's stock, valued at approximately $3,225,000.

A number of other large investors also recently made changes to their positions in RL. California State Teachers Retirement System raised its stake in Ralph Lauren by 38,897.9% in the 2nd quarter. California State Teachers Retirement System now owns 17,584,166 shares of the textile maker's stock worth $7,058,460,000 after purchasing an additional 17,539,076 shares in the last quarter. Invesco Ltd. raised its position in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker's stock valued at $468,186,000 after buying an additional 275,263 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ralph Lauren by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker's stock valued at $370,852,000 after buying an additional 54,686 shares during the period. Orion Porfolio Solutions LLC grew its position in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker's stock worth $264,225,000 after buying an additional 952,681 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Ralph Lauren by 11.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker's stock worth $295,321,000 after acquiring an additional 98,511 shares during the period. Institutional investors own 67.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RL shares. Weiss Ratings downgraded Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, August 26th. Telsey Advisory Group increased their target price on shares of Ralph Lauren from $460.00 to $470.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Citigroup lifted their price target 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. JPMorgan Chase & Co. increased their price target on Ralph Lauren from $434.00 to $452.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Finally, UBS Group upped their price objective on shares of Ralph Lauren from $511.00 to $520.00 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $445.67.

Ralph Lauren Stock Down 3.1%

RL opened at $336.41 on Thursday. Ralph Lauren Corporation has a 12 month low of $299.98 and a 12 month high of $421.60. The company has a market cap of $20.04 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.30 and a beta of 1.34. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $375.42 and a 200 day moving average of $369.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.32 by $0.27. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.77 EPS. On average, sell-side analysts expect that Ralph Lauren Corporation will post 18.79 EPS for the current year.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company's products include men's, women's and children's clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.

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