Teachers Retirement System of The State of Kentucky Sells 2,800 Shares of Ralph Lauren Co. (NYSE:RL)

Teachers Retirement System of The State of Kentucky decreased its stake in Ralph Lauren Co. (NYSE:RL) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,705 shares of the textile maker’s stock after selling 2,800 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.20% of Ralph Lauren worth $28,573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Lord Abbett & CO. LLC purchased a new stake in Ralph Lauren in the third quarter worth approximately $94,831,000. Invesco Ltd. boosted its stake in shares of Ralph Lauren by 30.6% in the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock valued at $285,841,000 after purchasing an additional 289,924 shares in the last quarter. FMR LLC boosted its stake in shares of Ralph Lauren by 16.9% in the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock valued at $326,946,000 after purchasing an additional 205,121 shares in the last quarter. Schroder Investment Management Group raised its position in Ralph Lauren by 671.0% in the 4th quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker’s stock worth $31,637,000 after purchasing an additional 118,569 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Ralph Lauren in the third quarter worth $19,320,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of recent research reports. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. TD Cowen raised their price target on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Cfra Research raised Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 14th. Finally, UBS Group lifted their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $277.43.

Ralph Lauren Stock Performance

Shares of RL opened at $206.51 on Monday. The company has a 50-day simple moving average of $233.35 and a two-hundred day simple moving average of $228.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The firm has a market capitalization of $12.75 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, March 28th. Ralph Lauren’s dividend payout ratio is presently 30.11%.

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