VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,033 shares of the textile maker’s stock, valued at approximately $3,225,000.
Several other large investors have also recently modified their holdings of the stock. Blueline Advisors LLC bought a new position in Ralph Lauren during the 4th quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren during the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren during the second quarter valued at approximately $28,000. MUFG Securities EMEA plc bought a new position in shares of Ralph Lauren in the second quarter worth approximately $32,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of Ralph Lauren in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.
Ralph Lauren Trading Down 3.1%
Shares of NYSE:RL opened at $336.41 on Thursday. The stock’s fifty day moving average price is $375.42 and its 200-day moving average price is $369.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.04 and a quick ratio of 1.42. The company has a market cap of $20.04 billion, a P/E ratio of 21.20, a PEG ratio of 1.30 and a beta of 1.34. Ralph Lauren Corporation has a 1 year low of $299.98 and a 1 year high of $421.60.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Telsey Advisory Group boosted their price target on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Barclays raised their price objective on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $425.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $445.67.
Get Our Latest Research Report on RL
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.
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