California Public Employees Retirement System Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

California Public Employees Retirement System cut its position in Ralph Lauren Co. (NYSE:RL) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,728 shares of the textile maker’s stock after selling 3,318 shares during the quarter. California Public Employees Retirement System owned approximately 0.12% of Ralph Lauren worth $16,568,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Ralph Lauren by 8.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after purchasing an additional 82,819 shares in the last quarter. Boston Partners grew its stake 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 during the last quarter. Geode Capital Management LLC increased 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 valued at $183,787,000 after acquiring an additional 30,694 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Ralph Lauren in the 3rd quarter valued at approximately $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 in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RL. The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Needham & Company LLC assumed coverage on Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, Barclays increased their price target 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. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Trading Down 0.7 %

Shares of Ralph Lauren stock opened at $196.53 on Friday. The firm has a 50-day simple moving average of $247.58 and a two-hundred day simple moving average of $227.14. 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 Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a market cap of $12.14 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Ralph Lauren Co. will post 12.01 earnings per share 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. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio is presently 30.11%.

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.