Louisiana State Employees Retirement System Buys 100 Shares of Ralph Lauren Co. (NYSE:RL)

Louisiana State Employees Retirement System grew its stake in Ralph Lauren Co. (NYSE:RL) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,300 shares of the textile maker’s stock after purchasing an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ralph Lauren were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. QRG Capital Management Inc. raised its holdings in shares of Ralph Lauren by 2.8% in the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after purchasing an additional 65 shares during the last quarter. GAMMA Investing LLC grew its position in Ralph Lauren by 11.3% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock worth $130,000 after purchasing an additional 68 shares in the last quarter. Oak Thistle LLC increased its stake in Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after buying an additional 72 shares during the last quarter. Mather Group LLC. lifted its position in shares of Ralph Lauren by 26.3% during the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after buying an additional 90 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Ralph Lauren by 8.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock worth $202,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TD Cowen lifted their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim lifted their price target on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $198.27.

Ralph Lauren Stock Up 2.3 %

NYSE RL opened at $208.04 on Thursday. Ralph Lauren Co. has a 52 week low of $111.94 and a 52 week high of $208.48. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $12.89 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49. The stock’s 50-day moving average price is $190.87 and its 200-day moving average price is $178.53.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts predict that Ralph Lauren Co. will post 11.26 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.825 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.59%. Ralph Lauren’s payout ratio is 31.82%.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.