Ralph Lauren Corporation $RL Shares Bought by USA Financial Formulas

USA Financial Formulas raised its position in Ralph Lauren Corporation (NYSE:RL) by 139,800.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,399 shares of the textile maker’s stock after buying an additional 1,398 shares during the quarter. USA Financial Formulas’ holdings in Ralph Lauren were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Blueline Advisors LLC purchased a new position in shares of Ralph Lauren during the fourth quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren during the 2nd quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in Ralph Lauren during the 2nd quarter worth $32,000. Finally, Elevated Capital Advisors LLC purchased a new position in Ralph Lauren during the 4th quarter worth $35,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RL has been the topic of a number of recent research reports. Evercore restated 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 increased their target price on shares of Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Citigroup raised their price target on Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Barclays boosted their price target on Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen cut Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Saturday. Sixteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $445.67.

Ralph Lauren Stock Performance

Shares of RL stock opened at $388.49 on Friday. The company has a market cap of $23.12 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.46 and a beta of 1.35. The stock has a 50 day simple moving average of $391.58 and a 200-day simple moving average of $369.45. Ralph Lauren Corporation has a 12-month low of $283.50 and a 12-month high of $421.60. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $3.77 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts forecast that Ralph Lauren Corporation will post 18.77 EPS for the current year.

Ralph Lauren Company 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.