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

California Public Employees Retirement System raised its position in shares of Ralph Lauren Corporation (NYSE:RL) by 150.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 184,249 shares of the textile maker’s stock after buying an additional 110,575 shares during the period. California Public Employees Retirement System’s holdings in Ralph Lauren were worth $63,380,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blueline Advisors LLC purchased a new stake in shares of Ralph Lauren in the 4th quarter valued at $27,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren during the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren during the 2nd quarter valued at about $28,000. Aventura Private Wealth LLC acquired a new position in Ralph Lauren in the 4th quarter valued at about $29,000. Finally, MUFG Securities EMEA plc acquired a new position in Ralph Lauren in the 2nd quarter valued at about $32,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RL has been the subject of a number of research reports. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Bank of America boosted their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Barclays upped their price objective on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $430.07.

Ralph Lauren Trading Up 0.1%

NYSE RL opened at $380.64 on Monday. Ralph Lauren Corporation has a 52 week low of $273.04 and a 52 week high of $421.60. The firm has a 50 day moving average of $379.56 and a two-hundred day moving average of $366.38. The company has a quick ratio of 1.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $22.66 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $2.27 EPS. As a group, research analysts expect that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors 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%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 26th. Ralph Lauren’s dividend payout ratio is currently 26.47%.

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.