Ralph Lauren Corporation $RL Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its position in Ralph Lauren Corporation (NYSE:RLFree Report) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,328 shares of the textile maker’s stock after acquiring an additional 1,370 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of Ralph Lauren worth $11,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RL. Orion Porfolio Solutions LLC increased its holdings in shares of Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after purchasing an additional 952,681 shares during the period. Invesco Ltd. lifted its holdings in shares of Ralph Lauren by 26.2% during the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after purchasing an additional 275,263 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after purchasing an additional 255,511 shares during the period. AQR Capital Management LLC boosted its position in Ralph Lauren by 38.6% in the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after buying an additional 245,242 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Ralph Lauren by 70.5% in the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after buying an additional 242,386 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RL. Barclays raised their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Telsey Advisory Group upped their price objective on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. UBS Group increased their price objective on shares of Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, BTIG Research restated a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.79.

Get Our Latest Analysis on Ralph Lauren

Ralph Lauren Trading Down 0.2%

Shares of NYSE:RL opened at $372.97 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. Ralph Lauren Corporation has a 12-month low of $273.04 and a 12-month high of $421.60. The business has a 50 day moving average of $383.95 and a two-hundred day moving average of $367.11. The company has a market capitalization of $22.20 billion, a PE ratio of 24.68, a PEG ratio of 1.85 and a beta of 1.34.

Ralph Lauren (NYSE:RLGet Free Report) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. As a group, analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $1.00 per share. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, June 26th. Ralph Lauren’s dividend payout ratio (DPR) is 26.47%.

About Ralph Lauren

(Free Report)

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

See Also

Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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