Canada Pension Plan Investment Board Has $21.27 Million Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Canada Pension Plan Investment Board reduced its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 92,100 shares of the textile maker's stock after selling 7,800 shares during the quarter. Canada Pension Plan Investment Board owned 0.15% of Ralph Lauren worth $21,273,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RL. World Investment Advisors LLC bought a new position in Ralph Lauren during the 3rd quarter worth approximately $19,320,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Ralph Lauren by 137.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,849 shares of the textile maker's stock worth $552,000 after buying an additional 1,649 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ralph Lauren by 24.4% in the 3rd quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker's stock worth $17,425,000 after buying an additional 16,575 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Ralph Lauren by 2.0% in the third quarter. Retirement Systems of Alabama now owns 8,781 shares of the textile maker's stock worth $1,702,000 after acquiring an additional 169 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in Ralph Lauren in the third quarter worth approximately $94,831,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Shares of NYSE RL traded up $3.19 during midday trading on Wednesday, reaching $212.78. The company's stock had a trading volume of 1,059,946 shares, compared to its average volume of 844,260. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $229.20 and a 200 day moving average price of $227.96. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts' consensus estimates 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, equities research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Wall Street Analysts Forecast Growth

RL has been the topic of several research analyst reports. Barclays boosted their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Raymond James downgraded shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Jefferies Financial Group upped their price target on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Citigroup decreased their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $275.71.

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.