Ralph Lauren Corp (RL) Position Increased by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL boosted its position in shares of Ralph Lauren Corp (NYSE:RL) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 44,500 shares of the textile maker’s stock after purchasing an additional 1,200 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.05% of Ralph Lauren worth $6,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. IFM Investors Pty Ltd boosted its holdings in shares of Ralph Lauren by 20.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 2,515 shares of the textile maker’s stock valued at $346,000 after acquiring an additional 431 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Ralph Lauren by 1.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,059 shares of the textile maker’s stock valued at $5,667,000 after acquiring an additional 506 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Ralph Lauren by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 69,790 shares of the textile maker’s stock valued at $9,600,000 after acquiring an additional 516 shares during the last quarter. Visionary Asset Management Inc. boosted its holdings in shares of Ralph Lauren by 36.9% during the 3rd quarter. Visionary Asset Management Inc. now owns 2,199 shares of the textile maker’s stock valued at $304,000 after acquiring an additional 593 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Ralph Lauren by 32.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the textile maker’s stock valued at $317,000 after acquiring an additional 614 shares during the last quarter. 69.95% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Ralph Lauren from $141.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Buckingham Research raised their price objective on shares of Ralph Lauren from $130.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, August 16th. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Friday, August 3rd. Credit Suisse Group raised their price objective on shares of Ralph Lauren from $153.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Finally, Barclays raised their price objective on shares of Ralph Lauren from $114.00 to $118.00 and gave the stock an “underweight” rating in a report on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Ralph Lauren presently has an average rating of “Hold” and a consensus target price of $137.38.

RL opened at $123.93 on Friday. The company has a current ratio of 2.98, a quick ratio of 1.70 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $10.34 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.97 and a beta of 0.68. Ralph Lauren Corp has a 12-month low of $85.91 and a 12-month high of $147.79.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $1.99 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Ralph Lauren Corp will post 6.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 27th. Ralph Lauren’s payout ratio is 41.46%.

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About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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