Ieq Capital LLC Boosts Stock Holdings in Ralph Lauren Corporation $RL

Ieq Capital LLC grew its holdings in Ralph Lauren Corporation (NYSE:RL) by 102.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,723 shares of the textile maker’s stock after buying an additional 27,693 shares during the period. Ieq Capital LLC’s holdings in Ralph Lauren were worth $12,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RL. Kestra Private Wealth Services LLC boosted its position in Ralph Lauren by 4.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock valued at $231,000 after buying an additional 42 shares during the period. Baader Bank Aktiengesellschaft raised its stake in shares of Ralph Lauren by 3.4% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker’s stock worth $300,000 after acquiring an additional 45 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock worth $27,000 after acquiring an additional 59 shares in the last quarter. Blue Trust Inc. grew its position in Ralph Lauren by 17.6% during the 1st quarter. Blue Trust Inc. now owns 415 shares of the textile maker’s stock worth $92,000 after purchasing an additional 62 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Ralph Lauren by 25.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock worth $73,000 after purchasing an additional 67 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Up 0.5%

RL stock opened at $294.81 on Thursday. The company’s 50 day moving average is $287.61 and its two-hundred day moving average is $259.65. The stock has a market cap of $17.86 billion, a P/E ratio of 23.55, a PEG ratio of 1.48 and a beta of 1.53. Ralph Lauren Corporation has a twelve month low of $167.32 and a twelve month high of $306.34. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. Ralph Lauren’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $2.70 EPS. Research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren announced that its board has initiated a share buyback program on Thursday, May 22nd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the textile maker to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

RL has been the subject of a number of research analyst reports. Barclays restated an “overweight” rating and set a $360.00 price objective (up from $321.00) on shares of Ralph Lauren in a research report on Friday, August 8th. UBS Group raised their price objective on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Telsey Advisory Group increased their target price on shares of Ralph Lauren from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Bank of America raised their price objective on shares of Ralph Lauren from $318.00 to $328.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $306.41.

About Ralph Lauren

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.