Ralph Lauren Co. (NYSE:RL) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,505 shares of the textile maker's stock after acquiring an additional 6,274 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.20% of Ralph Lauren worth $24,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in Ralph Lauren by 7.8% in the second quarter. QRG Capital Management Inc. now owns 2,564 shares of the textile maker's stock valued at $449,000 after purchasing an additional 186 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Ralph Lauren by 231.9% in the second quarter. SG Americas Securities LLC now owns 15,926 shares of the textile maker's stock valued at $2,788,000 after purchasing an additional 11,128 shares during the last quarter. Czech National Bank boosted its holdings in Ralph Lauren by 8.3% in the second quarter. Czech National Bank now owns 7,440 shares of the textile maker's stock valued at $1,302,000 after purchasing an additional 571 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Ralph Lauren by 161.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,900 shares of the textile maker's stock valued at $508,000 after purchasing an additional 1,789 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in Ralph Lauren in the second quarter valued at $81,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RL shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. StockNews.com raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. UBS Group increased their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Raymond James increased their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Finally, Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ralph Lauren has a consensus rating of "Moderate Buy" and an average target price of $223.90.

Ralph Lauren Price Performance

Ralph Lauren stock traded down $0.04 during midday trading on Wednesday, reaching $227.41. The company had a trading volume of 700,148 shares, compared to its average volume of 849,849. The company has a market capitalization of $14.12 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.77 and a beta of 1.50. Ralph Lauren Co. has a 12-month low of $134.27 and a 12-month high of $237.16. The firm's fifty day simple moving average is $209.36 and its 200-day simple moving average is $187.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. Ralph Lauren's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $2.10 EPS. As a group, equities analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. Ralph Lauren's payout ratio is 31.46%.

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.