California Public Employees Retirement System Has $16.57 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

California Public Employees Retirement System trimmed its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,728 shares of the textile maker's stock after selling 3,318 shares during the period. California Public Employees Retirement System owned about 0.12% of Ralph Lauren worth $16,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of RL. JPMorgan Chase & Co. raised its holdings in Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock worth $249,361,000 after buying an additional 82,819 shares during the period. Boston Partners increased its position in shares of Ralph Lauren by 7.1% during the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ralph Lauren by 3.3% during the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock worth $183,787,000 after acquiring an additional 30,694 shares during the period. Lord Abbett & CO. LLC bought a new stake in Ralph Lauren in the 3rd quarter valued at $94,831,000. Finally, Truist Financial Corp boosted its stake in Ralph Lauren by 5.6% in the 4th quarter. Truist Financial Corp now owns 279,156 shares of the textile maker's stock worth $64,480,000 after purchasing an additional 14,693 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

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Ralph Lauren Stock Performance

Shares of RL stock traded up $25.91 on Wednesday, reaching $208.25. The stock had a trading volume of 2,074,811 shares, compared to its average volume of 843,560. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.73 and a beta of 1.38. The firm's 50-day moving average is $241.63 and its two-hundred day moving average is $227.48. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data 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 return on equity of 30.88% and a net margin of 10.14%. On average, research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.58%. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company upgraded Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $275.00 to $240.00 in a report on Tuesday. TD Cowen lifted their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Barclays upped their price target on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, Needham & Company LLC began coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 target price for the company. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $277.43.

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.