USA Financial Formulas Raises Holdings in Ralph Lauren Corporation $RL

USA Financial Formulas raised its stake in Ralph Lauren Corporation (NYSE:RL) by 139,800.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,399 shares of the textile maker’s stock after purchasing an additional 1,398 shares during the period. USA Financial Formulas’ holdings in Ralph Lauren were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in RL. Summit Global Investments increased its stake in shares of Ralph Lauren by 2.0% during the first quarter. Summit Global Investments now owns 1,510 shares of the textile maker’s stock worth $519,000 after buying an additional 29 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Ralph Lauren by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after acquiring an additional 31 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Ralph Lauren by 14.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock worth $90,000 after acquiring an additional 31 shares during the last quarter. Polymer Capital Management US LLC lifted its stake in Ralph Lauren by 1.1% in the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after acquiring an additional 34 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in Ralph Lauren by 3.0% during the 4th quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock worth $445,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC boosted their target price on shares of Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. UBS Group boosted their target price on shares of Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Telsey Advisory Group increased their target price on Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Sixteen research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $445.67.

Ralph Lauren Stock Up 0.3%

RL stock opened at $388.49 on Friday. The stock has a market cap of $23.12 billion, a P/E ratio of 24.48, a PEG ratio of 1.46 and a beta of 1.35. 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 twelve month low of $283.50 and a twelve month high of $421.60. The company’s 50 day moving average is $391.58 and its two-hundred day moving average is $369.45.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 11.76% and a return on equity of 39.10%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.77 EPS. Research analysts expect that Ralph Lauren Corporation will post 18.77 earnings per share for the current fiscal year.

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.