Teacher Retirement System of Texas boosted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 370.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,485 shares of the textile maker’s stock after acquiring an additional 58,657 shares during the period. Teacher Retirement System of Texas’ holdings in Ralph Lauren were worth $8,327,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Ralph Lauren by 23.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 508,133 shares of the textile maker’s stock worth $52,689,000 after buying an additional 96,618 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Ralph Lauren by 45.9% in the 4th quarter. State of Alaska Department of Revenue now owns 9,670 shares of the textile maker’s stock worth $1,002,000 after buying an additional 3,040 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its stake in shares of Ralph Lauren by 21.8% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 65,200 shares of the textile maker’s stock worth $6,761,000 after buying an additional 11,650 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Ralph Lauren in the 4th quarter worth $2,761,000. Finally, CENTRAL TRUST Co purchased a new position in shares of Ralph Lauren in the 4th quarter worth $355,000. 69.61% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. Telsey Advisory Group lifted their price objective on shares of Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Bank of America lifted their price objective on shares of Ralph Lauren from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Wednesday, April 11th. Nomura raised their target price on shares of Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $113.00 target price on shares of Ralph Lauren in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Ralph Lauren has a consensus rating of “Hold” and an average price target of $99.32.
Shares of Ralph Lauren stock opened at $120.00 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. Ralph Lauren Co. has a 52-week low of $66.06 and a 52-week high of $119.33. The company has a market capitalization of $9.52 billion, a PE ratio of 21.02, a PEG ratio of 1.87 and a beta of 0.63.
Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, May 23rd. The textile maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. equities research analysts expect that Ralph Lauren Co. will post 5.98 earnings per share for the current fiscal year.
Ralph Lauren Company Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.
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