Ralph Lauren Co. (NYSE:RL) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in Ralph Lauren Co. (NYSE:RL) by 10.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,833 shares of the textile maker’s stock after buying an additional 1,766 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ralph Lauren were worth $3,297,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Ralph Lauren by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after buying an additional 203,495 shares in the last quarter. Boston Partners lifted its stake in shares of Ralph Lauren by 3.4% in the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after acquiring an additional 41,482 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ralph Lauren by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,332 shares of the textile maker’s stock valued at $68,399,000 after purchasing an additional 2,098 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Ralph Lauren by 15,903.6% in the first quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock valued at $84,266,000 after purchasing an additional 446,097 shares during the last quarter. Finally, Swedbank AB grew its stake in Ralph Lauren by 18.5% during the 2nd quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock valued at $67,398,000 after purchasing an additional 60,000 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $171.26 on Friday. The company has a market cap of $10.71 billion, a PE ratio of 17.62, a P/E/G ratio of 1.34 and a beta of 1.51. Ralph Lauren Co. has a fifty-two week low of $108.60 and a fifty-two week high of $192.03. The firm has a 50-day simple moving average of $169.92 and a 200 day simple moving average of $174.02. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 earnings per share. On average, sell-side analysts anticipate that Ralph Lauren Co. will post 11.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RL shares. Barclays upped their target price on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Guggenheim reaffirmed a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a report on Friday, May 24th. TD Cowen decreased their price objective on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group upped their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $184.80.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.