HS Management Partners LLC Invests $10.25 Million in Ralph Lauren Corporation $RL

HS Management Partners LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,525 shares of the textile maker’s stock, valued at approximately $10,246,000. Ralph Lauren makes up about 3.5% of HS Management Partners LLC’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. M&T Bank Corp lifted its position in Ralph Lauren by 6,216.7% during the 4th quarter. M&T Bank Corp now owns 73,337 shares of the textile maker’s stock worth $25,933,000 after buying an additional 72,176 shares in the last quarter. Vest Financial LLC lifted its position in shares of Ralph Lauren by 177.9% during the fourth quarter. Vest Financial LLC now owns 54,701 shares of the textile maker’s stock worth $19,343,000 after purchasing an additional 35,016 shares in the last quarter. Truist Financial Corp grew its stake in shares of Ralph Lauren by 8.1% during the fourth quarter. Truist Financial Corp now owns 371,086 shares of the textile maker’s stock valued at $131,220,000 after purchasing an additional 27,848 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $1,815,000. Finally, Broad Peak Investment Advisers Pte Ltd raised its position in Ralph Lauren by 41.3% in the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 27,026 shares of the textile maker’s stock worth $9,557,000 after purchasing an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.4%

Ralph Lauren stock opened at $377.90 on Wednesday. The company’s 50 day simple moving average is $391.44 and its 200 day simple moving average is $369.85. Ralph Lauren Corporation has a fifty-two week low of $283.50 and a fifty-two week high of $421.60. The firm has a market capitalization of $22.52 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.46 and a beta of 1.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating the consensus estimate of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.77 earnings per share. As a group, sell-side analysts anticipate that Ralph Lauren Corporation will post 18.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on RL. Needham & Company LLC increased their price objective on Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Telsey Advisory Group raised their price target on Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a report on Friday, August 7th. Evercore restated an “outperform” rating and set a $460.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Finally, Barclays lifted their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and an average target price 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.