Talon Private Wealth LLC Takes $790,000 Position in Ralph Lauren Corporation $RL

Talon Private Wealth LLC purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,967 shares of the textile maker’s stock, valued at approximately $790,000.

Several other hedge funds have also recently modified their holdings of RL. California State Teachers Retirement System raised its position in Ralph Lauren by 38,897.9% during the 2nd quarter. California State Teachers Retirement System now owns 17,584,166 shares of the textile maker’s stock worth $7,058,460,000 after buying an additional 17,539,076 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after acquiring an additional 275,263 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ralph Lauren by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock valued at $370,852,000 after acquiring an additional 54,686 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after acquiring an additional 952,681 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of Ralph Lauren by 11.7% during the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after acquiring an additional 98,511 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

RL stock traded up $2.05 during midday trading on Friday, hitting $338.72. 641,226 shares of the stock were exchanged, compared to its average volume of 650,679. The stock’s 50-day moving average price is $374.19 and its 200-day moving average price is $368.99. 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 stock has a market cap of $20.18 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.26 and a beta of 1.34. Ralph Lauren Corporation has a fifty-two week low of $299.98 and a fifty-two week high of $421.60.

Ralph Lauren (NYSE:RL) last announced 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 business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business posted $3.77 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts predict that Ralph Lauren Corporation will post 18.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RL shares. UBS Group boosted their target price on Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a report on Friday, August 7th. Evercore restated an “outperform” rating and issued a $460.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. Barclays upped their price objective on Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Needham & Company LLC increased their price objective on Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.