Braun Stacey Associates Inc. Acquires New Shares in Ralph Lauren Corporation $RL

Braun Stacey Associates Inc. bought a new position in Ralph Lauren Corporation (NYSE:RL) in the second quarter, HoldingsChannel reports. The fund bought 66,556 shares of the textile maker’s stock, valued at approximately $26,716,000.

Several other large investors have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC grew its holdings in shares of 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 purchasing an additional 952,681 shares during the last quarter. Invesco Ltd. raised its holdings in Ralph Lauren by 26.2% in the 4th 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after buying an additional 255,511 shares during the last quarter. AQR Capital Management LLC boosted its position in Ralph Lauren by 38.6% during the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock worth $311,658,000 after buying an additional 245,242 shares during the period. Finally, First Trust Advisors LP boosted its position in Ralph Lauren by 70.5% during the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after buying an additional 242,386 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Up 0.5%

RL opened at $353.55 on Friday. Ralph Lauren Corporation has a twelve month low of $292.90 and a twelve month high of $421.60. The company has a fifty day moving average of $385.39 and a 200-day moving average of $370.52. The stock has a market cap of $21.06 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RL. Deutsche Bank Aktiengesellschaft set a $446.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th. Evercore reissued an “outperform” rating and issued a $460.00 price objective on shares of Ralph Lauren in a research note on Friday, August 7th. Needham & Company LLC raised their target price on Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group raised their target price on Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren 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.