Talon Private Wealth LLC Buys Shares of 1,967 Ralph Lauren Corporation $RL

Talon Private Wealth LLC purchased a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,967 shares of the textile maker’s stock, valued at approximately $790,000.

A number of other institutional investors also recently made changes to their positions in the stock. WINTON GROUP Ltd increased its position in Ralph Lauren by 126.4% during the 2nd quarter. WINTON GROUP Ltd now owns 4,258 shares of the textile maker’s stock worth $1,709,000 after purchasing an additional 2,377 shares in the last quarter. NewEdge Advisors LLC raised its stake in Ralph Lauren by 124.2% in the 2nd quarter. NewEdge Advisors LLC now owns 4,143 shares of the textile maker’s stock valued at $1,663,000 after purchasing an additional 2,295 shares during the last quarter. Empirical Finance LLC lifted its holdings in Ralph Lauren by 2.9% in the 2nd quarter. Empirical Finance LLC now owns 1,536 shares of the textile maker’s stock valued at $617,000 after purchasing an additional 43 shares in the last quarter. Nykredit A S purchased a new position in Ralph Lauren in the 2nd quarter valued at about $553,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Ralph Lauren by 27.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker’s stock worth $72,000 after purchasing an additional 38 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Up 0.6%

RL traded up $2.05 during midday trading on Friday, hitting $338.72. The company’s stock had a trading volume of 641,226 shares, compared to its average volume of 650,679. Ralph Lauren Corporation has a 52-week low of $299.98 and a 52-week high of $421.60. The firm has a 50-day moving average price of $374.19 and a two-hundred day moving average price of $368.99. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The firm has a market cap of $20.18 billion, a P/E ratio of 21.34, a PEG ratio of 1.26 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $3.77 EPS. The company’s revenue was up 13.9% on a year-over-year basis. On average, research analysts anticipate that Ralph Lauren Corporation will post 18.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RL. Wells Fargo & Company lifted their price target 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. Wall Street Zen downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Deutsche Bank Aktiengesellschaft set a $446.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Needham & Company LLC boosted their price target on Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Citigroup increased their price target on Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $445.67.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.