Wellington Management Group LLP raised its stake in shares of Ralph Lauren Corporation (NYSE:RL – Free Report) by 55.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 476,472 shares of the textile maker’s stock after buying an additional 170,091 shares during the period. Wellington Management Group LLP’s holdings in Ralph Lauren were worth $191,261,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Blueline Advisors LLC purchased a new stake in shares of Ralph Lauren in the fourth quarter worth about $27,000. JPL Wealth Management LLC acquired a new stake in Ralph Lauren during the third quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren during the second quarter valued at approximately $28,000. MUFG Securities EMEA plc purchased a new position in Ralph Lauren during the second quarter valued at approximately $32,000. Finally, Acumen Wealth Advisors LLC acquired a new position in Ralph Lauren in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 67.91% of the company’s stock.
Ralph Lauren Stock Performance
Shares of RL stock opened at $346.27 on Tuesday. 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 Corporation has a 12-month low of $292.90 and a 12-month high of $421.60. The business’s 50 day moving average is $384.11 and its two-hundred day moving average is $370.61. The company has a market capitalization of $20.63 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.33 and a beta of 1.35.
Analyst Ratings Changes
Several research firms have commented on RL. Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Telsey Advisory Group lifted their target price on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Raymond James Financial reiterated an “outperform” rating and issued a $425.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price target on shares of Ralph Lauren in a report on Friday, August 7th. Finally, Barclays raised their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $445.67.
Check Out Our Latest Stock Analysis on Ralph Lauren
About Ralph Lauren
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.
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