Sei Investments Co. increased its holdings in shares of Ralph Lauren Corp (NYSE:RL) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,168 shares of the textile maker’s stock after acquiring an additional 15,113 shares during the quarter. Sei Investments Co. owned about 0.26% of Ralph Lauren worth $13,825,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of RL. Keebeck Wealth Management LLC bought a new stake in shares of Ralph Lauren during the second quarter worth $39,000. Federated Hermes Inc. raised its stake in shares of Ralph Lauren by 100.6% in the second quarter. Federated Hermes Inc. now owns 652 shares of the textile maker’s stock valued at $47,000 after buying an additional 327 shares during the period. Fifth Third Bancorp raised its stake in shares of Ralph Lauren by 49.9% in the first quarter. Fifth Third Bancorp now owns 673 shares of the textile maker’s stock valued at $45,000 after buying an additional 224 shares during the period. NWK Group Inc. bought a new stake in shares of Ralph Lauren in the second quarter valued at $49,000. Finally, Rampart Investment Management Company LLC grew its position in shares of Ralph Lauren by 148.9% in the second quarter. Rampart Investment Management Company LLC now owns 1,095 shares of the textile maker’s stock valued at $79,000 after purchasing an additional 655 shares in the last quarter. 65.18% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE RL opened at $81.72 on Wednesday. Ralph Lauren Corp has a 52-week low of $59.82 and a 52-week high of $128.29. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 49.77, a PEG ratio of 6.88 and a beta of 1.18. The stock has a 50 day moving average price of $70.75 and a 200 day moving average price of $74.53. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.07 and a current ratio of 2.59.
Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, August 4th. The textile maker reported ($1.82) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.53) by ($0.29). The firm had revenue of $487.50 million during the quarter, compared to analysts’ expectations of $592.98 million. Ralph Lauren had a return on equity of 8.21% and a net margin of 2.67%. Ralph Lauren’s quarterly revenue was down 65.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. Analysts forecast that Ralph Lauren Corp will post 1.12 earnings per share for the current year.
Several brokerages have recently weighed in on RL. Wells Fargo & Company reduced their price target on Ralph Lauren from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. UBS Group lifted their price target on Ralph Lauren from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Deutsche Bank reduced their price target on Ralph Lauren from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Citigroup lifted their price target on Ralph Lauren from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, ValuEngine upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $101.31.
About Ralph Lauren
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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