Teacher Retirement System of Texas Has $6.62 Million Position in Ralph Lauren Co. (NYSE:RL)

Teacher Retirement System of Texas lifted its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,647 shares of the textile maker's stock after acquiring an additional 4,791 shares during the quarter. Teacher Retirement System of Texas' holdings in Ralph Lauren were worth $6,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after acquiring an additional 127 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker's stock worth $47,000 after purchasing an additional 149 shares in the last quarter. True Wealth Design LLC lifted its stake in Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock worth $81,000 after buying an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Ralph Lauren in the third quarter worth approximately $86,000. Institutional investors own 67.91% of the company's stock.

Remove Ads

Ralph Lauren Stock Down 1.7 %

Shares of Ralph Lauren stock traded down $4.13 during trading on Tuesday, hitting $231.92. 324,329 shares of the stock traded hands, compared to its average volume of 785,810. The stock has a market cap of $14.32 billion, a P/E ratio of 21.19, a PEG ratio of 1.73 and a beta of 1.50. The company has a fifty day moving average price of $252.04 and a two-hundred day moving average price of $225.05. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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 predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.42%. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Analysts Set New Price Targets

A number of brokerages have recently commented on RL. Guggenheim increased their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, February 7th. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Tuesday, December 31st. Wells Fargo & Company lifted their target price on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $284.62.

Ralph Lauren 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.