Ralph Lauren Corporation $RL Shares Acquired by California State Teachers Retirement System

by · The Cerbat Gem

California State Teachers Retirement System increased its position in shares of Ralph Lauren Corporation (NYSE:RL – Free Report) by 38,897.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,584,166 shares of the textile maker’s stock after purchasing an additional 17,539,076 shares during the period. California State Teachers Retirement System owned 0.30% of Ralph Lauren worth $7,058,460,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 worth $758,000 after buying an additional 174 shares in the last quarter. Empowered Funds LLC boosted its stake in Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after buying an additional 114 shares in the last quarter. Woodline Partners LP boosted its stake in Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after buying an additional 954 shares in the last quarter. Focus Partners Wealth grew its holdings in Ralph Lauren by 29.5% during the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in Ralph Lauren during the second quarter worth about $386,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RL. JPMorgan Chase & Co. upped their price target on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. BTIG Research lifted 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. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Needham & Company LLC increased their target price on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Evercore restated an “outperform” rating and set 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $445.67.

Read Our Latest Report on Ralph Lauren

Ralph Lauren Price Performance

NYSE RL opened at $346.98 on Wednesday. Ralph Lauren Corporation has a 1 year low of $299.98 and a 1 year high of $421.60. The stock’s 50-day moving average price is $376.66 and its two-hundred day moving average price is $369.62. The company has a market cap of $20.67 billion, a PE ratio of 21.86, a PEG ratio of 1.32 and a beta of 1.34. 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 (NYSE:RL – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.77 earnings per share. On average, analysts predict that Ralph Lauren Corporation will post 18.79 EPS for the current year.

Ralph Lauren Company Profile

(Free Report)

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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