Police & Firemen s Retirement System of New Jersey Buys 569 Shares of Ralph Lauren Corporation $RL

Police & Firemen s Retirement System of New Jersey grew its stake in Ralph Lauren Corporation (NYSE:RL) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,867 shares of the textile maker’s stock after buying an additional 569 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Ralph Lauren were worth $4,078,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. raised its stake in shares of Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 86 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Ralph Lauren by 69.7% during the second quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 62 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Ralph Lauren in the first quarter valued at approximately $33,000. Brooklyn Investment Group raised its position in shares of Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 110 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of Ralph Lauren by 189.8% in the second quarter. Private Trust Co. NA now owns 171 shares of the textile maker’s stock worth $47,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE:RL opened at $331.53 on Monday. The firm’s 50-day moving average is $320.67 and its 200-day moving average is $294.97. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. Ralph Lauren Corporation has a 52-week low of $176.61 and a 52-week high of $342.99.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business earned $2.54 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RL. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. TD Cowen upped their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Wall Street Zen raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Wells Fargo & Company lifted their price objective on Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Finally, BTIG Research initiated coverage on Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $347.13.

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.