Texas Permanent School Fund Buys 109 Shares of Ralph Lauren Co. (NYSE:RL)

Texas Permanent School Fund boosted its stake in Ralph Lauren Co. (NYSE:RLGet Rating) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,113 shares of the textile maker’s stock after acquiring an additional 109 shares during the period. Texas Permanent School Fund’s holdings in Ralph Lauren were worth $548,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of RL. Nisa Investment Advisors LLC increased its stake in shares of Ralph Lauren by 48.2% in the first quarter. Nisa Investment Advisors LLC now owns 4,615 shares of the textile maker’s stock worth $524,000 after purchasing an additional 1,500 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Ralph Lauren by 551.9% in the first quarter. Daiwa Securities Group Inc. now owns 2,953 shares of the textile maker’s stock worth $334,000 after purchasing an additional 2,500 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Ralph Lauren by 58.4% in the first quarter. Envestnet Asset Management Inc. now owns 8,654 shares of the textile maker’s stock worth $982,000 after purchasing an additional 3,191 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Ralph Lauren by 1.1% in the first quarter. Victory Capital Management Inc. now owns 151,799 shares of the textile maker’s stock worth $17,203,000 after purchasing an additional 1,668 shares in the last quarter. Finally, Clearstead Advisors LLC purchased a new position in shares of Ralph Lauren in the first quarter worth about $299,000. Hedge funds and other institutional investors own 63.02% of the company’s stock.

Ralph Lauren Trading Down 1.7 %

Shares of RL opened at $101.17 on Tuesday. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 3.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.27 and a current ratio of 2.01. Ralph Lauren Co. has a fifty-two week low of $82.23 and a fifty-two week high of $135.99. The firm has a 50 day moving average price of $93.07 and a 200-day moving average price of $94.77.

Ralph Lauren (NYSE:RLGet Rating) last announced its quarterly earnings data on Thursday, November 10th. The textile maker reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.15. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.56 billion. Ralph Lauren had a net margin of 8.05% and a return on equity of 21.97%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 EPS. As a group, equities research analysts forecast that Ralph Lauren Co. will post 7.74 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, September 29th. This represents a $3.00 dividend on an annualized basis and a yield of 2.97%. Ralph Lauren’s dividend payout ratio is currently 41.78%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Credit Suisse Group reduced their price objective on shares of Ralph Lauren from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Cowen boosted their price objective on shares of Ralph Lauren from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 11th. StockNews.com assumed coverage on shares of Ralph Lauren in a research note on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of Ralph Lauren from $133.00 to $131.00 in a research note on Monday, November 7th. Finally, Citigroup reduced their price objective on shares of Ralph Lauren from $96.00 to $92.00 in a research note on Friday, November 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.85.

About Ralph Lauren

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Ralph Lauren Corp. engages in the design, marketing, and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed products. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

Further Reading

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

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