Strs Ohio Decreases Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Strs Ohio decreased its holdings in Ralph Lauren Co. (NYSE:RL) by 29.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,071 shares of the textile maker’s stock after selling 3,801 shares during the quarter. Strs Ohio’s holdings in Ralph Lauren were worth $1,308,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. grew its stake in shares of Ralph Lauren by 99.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 122 shares during the period. Spire Wealth Management grew its stake in shares of Ralph Lauren by 47.9% during 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 during the period. Ronald Blue Trust Inc. grew its stake in shares of Ralph Lauren by 119.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 343 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 187 shares during the period. Headlands Technologies LLC bought a new position in shares of Ralph Lauren during the 3rd quarter valued at approximately $46,000. Finally, CWM LLC grew its stake in shares of Ralph Lauren by 25.2% during the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock valued at $67,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 2.2 %

Shares of RL opened at $161.97 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. Ralph Lauren Co. has a 12 month low of $103.17 and a 12 month high of $192.03. The stock’s 50 day moving average is $177.85 and its two-hundred day moving average is $148.09. The firm has a market cap of $10.35 billion, a P/E ratio of 18.36, a PEG ratio of 0.92 and a beta of 1.53.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, beating the consensus estimate of $3.53 by $0.64. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. Ralph Lauren’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $3.35 earnings per share. Analysts predict that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.00 dividend on an annualized basis and a yield of 1.85%. Ralph Lauren’s payout ratio is 34.01%.

Analysts Set New Price Targets

RL has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price objective (up from $165.00) on shares of Ralph Lauren in a research note on Thursday, February 8th. Raymond James boosted their price objective on Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group boosted their price target on Ralph Lauren from $132.00 to $151.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Finally, Wells Fargo & Company boosted their price target on Ralph Lauren from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Ralph Lauren 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.