Teachers Retirement System of The State of Kentucky Has $24.53 Million Holdings in Ralph Lauren Co. (NYSE:RL)

Teachers Retirement System of The State of Kentucky raised its position in Ralph Lauren Co. (NYSE:RL) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,505 shares of the textile maker’s stock after purchasing an additional 6,274 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.20% of Ralph Lauren worth $24,526,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Ralph Lauren by 12,493.8% during the second quarter. Pacer Advisors Inc. now owns 1,002,344 shares of the textile maker’s stock worth $175,470,000 after purchasing an additional 994,385 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after buying an additional 528,778 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Ralph Lauren by 42.2% in the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after acquiring an additional 189,600 shares in the last quarter. Atreides Management LP raised its holdings in Ralph Lauren by 28.3% during the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock worth $73,182,000 after acquiring an additional 83,349 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after purchasing an additional 78,008 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on RL shares. Barclays boosted their price target on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. UBS Group upped their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $223.90.

Ralph Lauren Trading Down 0.3 %

NYSE RL opened at $227.45 on Wednesday. The firm has a market capitalization of $14.12 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.77 and a beta of 1.50. The business’s 50-day moving average price is $209.36 and its two-hundred day moving average price is $187.56. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 12 month low of $132.13 and a 12 month high of $237.16.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $2.10 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is 31.46%.

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.