WINTON GROUP Ltd Grows Position in Ralph Lauren Corporation $RL

WINTON GROUP Ltd grew its holdings in Ralph Lauren Corporation (NYSE:RL) by 126.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,258 shares of the textile maker’s stock after buying an additional 2,377 shares during the period. WINTON GROUP Ltd’s holdings in Ralph Lauren were worth $1,709,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock valued at $758,000 after acquiring an additional 174 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ralph Lauren by 0.9% during the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after purchasing an additional 114 shares during the last quarter. Woodline Partners LP grew its position in shares of Ralph Lauren by 39.5% in the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after purchasing an additional 954 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Ralph Lauren by 29.5% in the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock valued at $841,000 after purchasing an additional 869 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Ralph Lauren during the second quarter worth approximately $386,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RL has been the subject of a number of recent research reports. Citigroup raised their target price on Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. Telsey Advisory Group raised their price objective on shares of Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $425.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Finally, Evercore reiterated an “outperform” rating and issued a $460.00 target price on shares of Ralph Lauren in a report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren Price Performance

NYSE:RL opened at $338.72 on Friday. Ralph Lauren Corporation has a 52 week low of $299.98 and a 52 week high of $421.60. The stock’s fifty day moving average is $373.00 and its two-hundred day moving average is $368.78. The company has a market capitalization of $20.18 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.27 and a beta of 1.34. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.77 EPS. Equities analysts expect that Ralph Lauren Corporation will post 18.79 EPS for the current year.

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.