Ralph Lauren Co. (NYSE:RL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of Ralph Lauren Co. (NYSE:RL) by 10.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,392,696 shares of the textile maker’s stock after selling 164,667 shares during the quarter. Victory Capital Management Inc.’s holdings in Ralph Lauren were worth $243,805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RL. Family Firm Inc. acquired a new stake in Ralph Lauren in the 2nd quarter valued at about $30,000. Gladius Capital Management LP purchased a new position in shares of Ralph Lauren during the second quarter worth about $31,000. Fidelis Capital Partners LLC purchased a new stake in shares of Ralph Lauren in the 1st quarter valued at about $42,000. Versant Capital Management Inc increased its position in Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Ralph Lauren in the first quarter valued at approximately $63,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays boosted their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Ralph Lauren in a research report on Wednesday, August 7th. TD Cowen lowered their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Finally, UBS Group upped their target price on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $184.80.

Ralph Lauren Trading Up 0.6 %

Shares of RL opened at $173.40 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. Ralph Lauren Co. has a 1-year low of $108.60 and a 1-year high of $192.03. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. The firm has a 50 day simple moving average of $169.29 and a 200-day simple moving average of $173.85.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $2.34 earnings per share. Ralph Lauren’s revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Ralph Lauren Co. will post 11.23 EPS for the current fiscal year.

About Ralph Lauren

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.