Ralph Lauren Corporation $RL Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 4.4% during the first quarter, HoldingsChannel.com reports. The firm owned 32,328 shares of the textile maker’s stock after purchasing an additional 1,370 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ralph Lauren were worth $11,121,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RL. Orion Porfolio Solutions LLC increased its position in shares of Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares in the last quarter. Invesco Ltd. raised its stake in shares of Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after buying an additional 275,263 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Ralph Lauren by 40.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after buying an additional 255,511 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ralph Lauren by 38.6% during the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after buying an additional 245,242 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Ralph Lauren by 70.5% in the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock valued at $207,295,000 after acquiring an additional 242,386 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.2%

RL opened at $372.97 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The company’s 50 day simple moving average is $383.95 and its two-hundred day simple moving average is $367.11. Ralph Lauren Corporation has a 1-year low of $273.04 and a 1-year high of $421.60. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 EPS. Analysts expect that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BTIG Research reissued a “buy” rating and issued a $450.00 price target on shares of Ralph Lauren in a report on Friday, May 22nd. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Ralph Lauren in a research report on Thursday, May 21st. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Telsey Advisory Group raised their price target on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $430.79.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.