Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.98 Million Stake in Ralph Lauren Co. (NYSE:RL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,551 shares of the textile maker’s stock after selling 169 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ralph Lauren were worth $1,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners increased its stake in Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock worth $227,085,000 after acquiring an additional 65,303 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock worth $183,787,000 after purchasing an additional 30,694 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Ralph Lauren by 10.2% during the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after purchasing an additional 13,640 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Ralph Lauren in the third quarter valued at about $94,831,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

NYSE:RL opened at $236.74 on Tuesday. The stock’s 50-day moving average is $252.04 and its 200-day moving average is $225.05. The stock has a market cap of $14.62 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.39%. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Analysts Set New Price Targets

Several equities analysts have commented on RL shares. Barclays raised their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. TD Cowen lifted their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price target on shares of Ralph Lauren in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $284.62.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.