HS Management Partners LLC Acquires New Holdings in Ralph Lauren Corporation $RL

HS Management Partners LLC bought a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,525 shares of the textile maker’s stock, valued at approximately $10,246,000. Ralph Lauren makes up 3.5% of HS Management Partners LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after acquiring an additional 174 shares in the last quarter. Empowered Funds LLC lifted its position in Ralph Lauren by 0.9% in the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after acquiring an additional 114 shares in the last quarter. Woodline Partners LP lifted its position in Ralph Lauren by 39.5% in the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after acquiring an additional 954 shares in the last quarter. Focus Partners Wealth boosted its stake in Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after purchasing an additional 869 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in Ralph Lauren in the 2nd quarter worth $386,000. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on RL. Weiss Ratings raised Ralph Lauren from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a research report on Friday, August 7th. UBS Group increased their price objective on Ralph Lauren from $511.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Barclays lifted their target price on Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $445.67.

Ralph Lauren Price Performance

Shares of RL opened at $377.90 on Wednesday. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.46 and a beta of 1.35. Ralph Lauren Corporation has a 1-year low of $283.50 and a 1-year high of $421.60. The company’s fifty day simple moving average is $391.44 and its 200 day simple moving average is $369.85. 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) last posted its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.27. The firm 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 company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.77 earnings per share. On average, research analysts forecast 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.