Ralph Lauren Co. (NYSE:RL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Ralph Lauren Co. (NYSE:RL) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,728 shares of the textile maker’s stock after selling 3,318 shares during the quarter. California Public Employees Retirement System’s holdings in Ralph Lauren were worth $16,568,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RL. EverSource Wealth Advisors LLC grew its holdings in shares of Ralph Lauren by 1,270.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares during the last quarter. Versant Capital Management Inc raised its holdings in Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 270 shares during the last quarter. Summit Securities Group LLC purchased a new position in Ralph Lauren in the 4th quarter worth approximately $92,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Ralph Lauren by 19.6% during the 4th quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock worth $103,000 after purchasing an additional 73 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RL. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays upped their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, Guggenheim raised their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.62.

Ralph Lauren Price Performance

RL opened at $196.53 on Friday. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.73 and a beta of 1.50. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average price is $247.58 and its 200 day moving average price is $227.14. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, sell-side analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s payout ratio is currently 30.11%.

About Ralph Lauren

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.