VIRGINIA RETIREMENT SYSTEMS ET Al Reduces Holdings in Ralph Lauren Corporation $RL

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 28.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,283 shares of the textile maker’s stock after selling 4,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Ralph Lauren were worth $3,224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RL. Hantz Financial Services Inc. boosted its position in Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after purchasing an additional 86 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Ralph Lauren in the second quarter valued at approximately $28,000. MUFG Securities EMEA plc purchased a new stake in shares of Ralph Lauren during the 2nd quarter valued at approximately $32,000. Banque Transatlantique SA bought a new position in Ralph Lauren in the 1st quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Ralph Lauren by 57.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after buying an additional 52 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RL shares. Wall Street Zen upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Jefferies Financial Group raised their target price on Ralph Lauren from $385.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Evercore ISI lifted their target price on Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 price target on shares of Ralph Lauren in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $364.60.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $353.94 on Friday. The stock’s 50-day simple moving average is $347.88 and its two-hundred day simple moving average is $316.18. Ralph Lauren Corporation has a twelve month low of $176.61 and a twelve month high of $380.00. The firm has a market capitalization of $21.46 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.73 and a beta of 1.49. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping the consensus estimate of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.Ralph Lauren’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share. As a group, equities analysts anticipate that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be issued a $0.9125 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 26.98%.

Ralph Lauren 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.