New York State Teachers Retirement System Sells 2,274 Shares of Ralph Lauren Co. (NYSE:RL)

New York State Teachers Retirement System lessened its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,817 shares of the textile maker's stock after selling 2,274 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Ralph Lauren worth $10,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RL. Blue Trust Inc. boosted its stake in shares of Ralph Lauren by 38.8% during the 3rd quarter. Blue Trust Inc. now owns 533 shares of the textile maker's stock valued at $103,000 after purchasing an additional 149 shares in the last quarter. Raymond James & Associates lifted its holdings in Ralph Lauren by 4.7% in the third quarter. Raymond James & Associates now owns 64,743 shares of the textile maker's stock worth $12,552,000 after buying an additional 2,912 shares during the period. Foundations Investment Advisors LLC bought a new stake in Ralph Lauren during the 3rd quarter valued at approximately $255,000. Signaturefd LLC boosted its position in Ralph Lauren by 66.8% during the 3rd quarter. Signaturefd LLC now owns 612 shares of the textile maker's stock valued at $119,000 after acquiring an additional 245 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Ralph Lauren by 177,157.1% during the 3rd quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker's stock worth $2,406,000 after acquiring an additional 12,401 shares during the period. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Down 3.0 %

Shares of NYSE RL traded down $8.58 during midday trading on Friday, hitting $277.92. The stock had a trading volume of 859,234 shares, compared to its average volume of 764,923. The business's 50 day moving average is $247.94 and its 200-day moving average is $212.78. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a market cap of $17.16 billion, a P/E ratio of 25.36, a PEG ratio of 1.73 and a beta of 1.49.

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%. As a group, analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.19%. Ralph Lauren's dividend payout ratio (DPR) is presently 30.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research report on Friday. The Goldman Sachs Group raised their price objective on Ralph Lauren from $220.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Barclays upped their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. TD Cowen lifted their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Guggenheim boosted their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ralph Lauren has a consensus rating of "Moderate Buy" and an average target price of $284.15.

About Ralph Lauren

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.