The Vanguard Group, Inc. has recently announced that it has increased stake in Ralph Lauren Corporation (NYSE:RL) by 7.92%. After grabbing 4.71 million shares, the institutional investor is now in possession of 0.35 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 11.47% having worth around $541.06 million. Moreover, Victory Capital Management, Inc. increased its share by 1.96 million to have a control over 2.51 million shares. And Barrow, Hanley, Mewhinney & Strau raised its holdings to 16575.0 shares by acquiring 1.55 million shares or 3.77% of the stake.
Ralph Lauren Corporation (RL) concluded trading on 05/24/23 at a closing price of $108.22, with 1.66 million shares of worth about $179.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.97% during that period and on Wednesday the price saw a gain of about 0.24%. Currently the company’s common shares owned by public are about 66.50M shares, out of which, 40.20M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the RL stock and their offered price forecasts bring an average price target of $130.64. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $154.00 and could fall to a lowest price of $100.00. The stock’s current price level is 16.08% above of average price target set by the analysts, while a rise to estimated low would result in loss of -8.22% for the stock. However, touching the estimated high of $154.00 would mean a gain of 29.73% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 77 times over the past 12 months. They bought 276,693 shares in 57 of the transactions. In 20 selling transactions, insiders dumped 180,901 shares.
T Rowe Price Mid Cap Value Fund, Vanguard Total Stock Market ETF, and JPMorgan Mid Cap Value Fund are the top 3 mutual funds which are holding stakes in Ralph Lauren Corporation T Rowe Price Mid Cap Value Fund is currently holding 1.79 million shares of worth totaling $205.07 million. The company recently came selling -0.22 million shares which brought its stake up to 4.35% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 22816.0 shares, after which its hold over company’s outstanding shares expand to 2.84%, leaving 1.17 million shares with the mutual fund that have a worth of about $133.99 million. JPMorgan Mid Cap Value Fund, after buying 1.15 million shares, have now control over 2.80% of the stake in the company. It holds 0.0 shares of worth $131.88 million.
Ralph Lauren Corporation (NYSE: RL) started trading at $108.48, above $0.52 from concluding price of the previous day. However, the stock later moved at a day high price of 109.11, or with a gain of 0.24%. Stock saw a price change of -3.37% in past 5 days and over the past one month there was a price change of -3.74%. Year-to-date (YTD), RL shares are showing a performance of 2.41% which increased to 18.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $82.23 but also hit the highest price of $128.94 during that period. The average intraday trading volume for Ralph Lauren Corporation shares is 842.64K. The stock is currently trading -3.06% below its 20-day simple moving average (SMA20), while that difference is down -4.78% for SMA50 and it goes to 1.26% higher than SMA200.
The Vanguard Group, Inc. acquired 4.71 million shares of Ralph Lauren Corporation having value of about $541.06 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.35 million shares in the company valued at close to $37431241.82, or have control over 7.92% stake in the company. Ralph Lauren Corporation (NYSE: RL) currently have 66.50M outstanding shares and institutions hold larger chunk of about 109.81% of that. Holding of mutual funds in the company is about 45.97% while other institutional holders and individual stake holders have control over 65.36% and 3.29% of the stake respectively.
The stock has a current market capitalization of $7.38B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 14.53, while it has posted earnings per share of $7.45 in the same period. Its PEG reads 1.84 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RL, volatility over the week remained 2.53% while standing at 2.51% over the month.
Analysts are in expectations that Ralph Lauren Corporation (RL) stock would likely to be making an EPS of $0.61 in the current quarter, while forecast for next quarter EPS is $2.15 and it is $9.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $0.82 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.49 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 653.30% while it is estimated to increase by 14.22% in next year. EPS is likely to shrink at an annualized rate of 7.89% for next 5-years, compared to annual growth of 54.20% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the Ralph Lauren Corporation (RL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 18 Wall Street analysts, 6 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
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