Raymond James & Associates Has $10.82 Million Position in Ralph Lauren Co. (NYSE:RL)

Raymond James & Associates reduced its stake in shares of Ralph Lauren Co. (NYSE:RL) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,831 shares of the textile maker’s stock after selling 14,131 shares during the quarter. Raymond James & Associates owned 0.10% of Ralph Lauren worth $10,824,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners lifted its position in Ralph Lauren by 67.2% during the 4th quarter. Boston Partners now owns 1,214,000 shares of the textile maker’s stock valued at $175,001,000 after purchasing an additional 487,882 shares during the period. King Luther Capital Management Corp acquired a new position in Ralph Lauren during the 4th quarter valued at about $18,944,000. Bridgefront Capital LLC lifted its position in Ralph Lauren by 251.5% during the 4th quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock valued at $1,778,000 after purchasing an additional 8,822 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Ralph Lauren by 11.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock valued at $11,968,000 after purchasing an additional 6,378 shares during the period. Finally, Bessemer Group Inc. lifted its position in Ralph Lauren by 708.2% during the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 7,904 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Guggenheim restated a “buy” rating and set a $200.00 target price on shares of Ralph Lauren in a research report on Friday, May 24th. Wells Fargo & Company lowered their price target on Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Ralph Lauren in a research note on Wednesday, August 7th. Finally, UBS Group upped their price target on Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price of $184.80.

Ralph Lauren Price Performance

NYSE RL opened at $174.58 on Monday. The business has a 50 day simple moving average of $171.10 and a 200 day simple moving average of $174.14. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.34 and a beta of 1.51.

Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business earned $2.34 EPS. Ralph Lauren’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that Ralph Lauren Co. will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.