28,831 Shares in Ralph Lauren Corporation $RL Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Ralph Lauren Corporation (NYSE:RL) in the second quarter, Holdings Channel.com reports. The institutional investor bought 28,831 shares of the textile maker’s stock, valued at approximately $11,573,000.

Other large investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. acquired a new position in shares of Ralph Lauren during the 2nd quarter worth $206,000. Great Lakes Advisors LLC acquired a new stake in shares of Ralph Lauren in the 2nd quarter valued at $346,000. HS Management Partners LLC acquired a new stake in shares of Ralph Lauren in the 2nd quarter valued at $10,246,000. USA Financial Formulas boosted its holdings in Ralph Lauren by 139,800.0% in the first quarter. USA Financial Formulas now owns 1,399 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Ralph Lauren by 8.7% in the second quarter. Handelsbanken Fonder AB now owns 11,940 shares of the textile maker’s stock worth $4,793,000 after purchasing an additional 960 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on RL. Telsey Advisory Group raised their target price 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 research note on Friday, August 7th. Needham & Company LLC upped 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. Raymond James Financial reissued an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th. Finally, BTIG Research boosted their price objective on shares of Ralph Lauren from $450.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren Trading Down 0.1%

Ralph Lauren stock opened at $353.55 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The business’s 50-day simple moving average is $385.39 and its 200-day simple moving average is $370.67. The firm has a market capitalization of $21.07 billion, a PE ratio of 22.28, a PEG ratio of 1.33 and a beta of 1.35. Ralph Lauren Corporation has a 52 week low of $292.90 and a 52 week high of $421.60.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share 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 return on equity of 39.10% and a net margin of 11.76%.The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.77 EPS. Equities research analysts forecast that Ralph Lauren Corporation will post 18.79 earnings per share for the current year.

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.