California State Teachers Retirement System Has $6.30 Million Stock Position in Ralph Lauren Co. (NYSE:RL)

California State Teachers Retirement System lowered its position in shares of Ralph Lauren Co. (NYSE:RLFree Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,666 shares of the textile maker’s stock after selling 2,029 shares during the quarter. California State Teachers Retirement System owned approximately 0.07% of Ralph Lauren worth $6,297,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RL. Financial Gravity Asset Management Inc. increased its position in Ralph Lauren by 99.2% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 122 shares in the last quarter. Spire Wealth Management increased its position in Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 102 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Ralph Lauren in the 4th quarter valued at about $45,000. Headlands Technologies LLC acquired a new stake in Ralph Lauren in the 3rd quarter valued at about $46,000. Finally, TFO Wealth Partners LLC grew its position in shares of Ralph Lauren by 113,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,133 shares of the textile maker’s stock worth $163,000 after buying an additional 1,132 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL opened at $188.32 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.68 and a current ratio of 2.29. Ralph Lauren Co. has a twelve month low of $108.60 and a twelve month high of $192.03. The firm’s 50 day moving average price is $169.93 and its two-hundred day moving average price is $161.49. The firm has a market cap of $11.77 billion, a P/E ratio of 19.34, a PEG ratio of 1.49 and a beta of 1.52.

Ralph Lauren (NYSE:RLGet Free Report) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. On average, analysts forecast that Ralph Lauren Co. will post 11.08 EPS for the current fiscal year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.75. Ralph Lauren’s payout ratio is currently 33.95%.

Insider Transactions at Ralph Lauren

In other news, COO Jane Nielsen sold 67,243 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $171.25, for a total value of $11,515,363.75. Following the sale, the chief operating officer now owns 44,591 shares of the company’s stock, valued at $7,636,208.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 39.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on RL shares. TD Cowen lifted their price target on shares of Ralph Lauren from $192.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price target on shares of Ralph Lauren in a research report on Thursday, May 23rd. Jefferies Financial Group started coverage on shares of Ralph Lauren in a research report on Tuesday, April 30th. They set a “buy” rating and a $195.00 price target for the company. UBS Group lifted their price target on shares of Ralph Lauren from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company lowered their price target on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $170.50.

Get Our Latest Stock Report on Ralph Lauren

Ralph Lauren Profile

(Free Report)

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.

Further Reading

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

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