Utah Retirement Systems Sells 100 Shares of Ralph Lauren Co. (NYSE:RL)

Utah Retirement Systems decreased its position in Ralph Lauren Co. (NYSE:RL) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,559 shares of the textile maker’s stock after selling 100 shares during the period. Utah Retirement Systems’ holdings in Ralph Lauren were worth $1,515,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in Ralph Lauren by 30.6% during the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock worth $285,841,000 after purchasing an additional 289,924 shares during the last quarter. FMR LLC boosted its stake in shares of Ralph Lauren by 16.9% during the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock worth $326,946,000 after buying an additional 205,121 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Ralph Lauren by 671.0% in the 4th quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker’s stock valued at $31,637,000 after acquiring an additional 118,569 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ralph Lauren by 8.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock valued at $249,361,000 after acquiring an additional 82,819 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Ralph Lauren during the fourth quarter worth about $16,848,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company raised Ralph Lauren from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, UBS Group raised their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $272.14.

Ralph Lauren Trading Up 3.6 %

Shares of Ralph Lauren stock opened at $232.56 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The firm has a 50-day moving average of $221.28 and a 200-day moving average of $229.15. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The stock has a market cap of $14.36 billion, a PE ratio of 21.22, a PEG ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL) last announced its 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 net margin of 10.14% and a return on equity of 30.88%. As a group, sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. Ralph Lauren’s payout ratio is 30.11%.

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.