Texas Permanent School Fund Corp Sells 1,606 Shares of Ralph Lauren Co. (NYSE:RL)

Texas Permanent School Fund Corp cut its position in Ralph Lauren Co. (NYSE:RL) by 19.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,466 shares of the textile maker’s stock after selling 1,606 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Ralph Lauren were worth $1,132,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in Ralph Lauren by 2.8% in the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock worth $447,000 after purchasing an additional 65 shares in the last quarter. Oak Thistle LLC raised its holdings in Ralph Lauren by 6.2% in the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after purchasing an additional 72 shares in the last quarter. Mather Group LLC. raised its holdings in Ralph Lauren by 26.3% in the second quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after purchasing an additional 90 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Ralph Lauren by 8.4% in the second quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock worth $202,000 after purchasing an additional 90 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Ralph Lauren by 6.0% in the second quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock worth $307,000 after purchasing an additional 99 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $185.30 on Friday. The business’s 50 day moving average price is $170.14 and its 200 day moving average price is $173.39. The firm has a market cap of $11.58 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.49 and a beta of 1.49. Ralph Lauren Co. has a 52 week low of $108.60 and a 52 week high of $192.03. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last issued its earnings results on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Ralph Lauren’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, September 27th. Ralph Lauren’s payout ratio is 33.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RL shares. Argus restated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. TD Cowen dropped their price target on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Guggenheim restated a “buy” rating and set a $200.00 price target on shares of Ralph Lauren in a research note on Friday, May 24th. StockNews.com lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Telsey Advisory Group boosted their price target on Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.00.

Ralph Lauren Company Profile

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.