Teachers Retirement System of The State of Kentucky Cuts Stake in Ralph Lauren Co. (NYSE:RL)

Teachers Retirement System of The State of Kentucky cut its position in Ralph Lauren Co. (NYSE:RL) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 123,705 shares of the textile maker’s stock after selling 2,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ralph Lauren were worth $28,573,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Mather Group LLC. increased its position in shares of Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 47 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after purchasing an additional 62 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Ralph Lauren by 19.6% in the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker’s stock worth $103,000 after purchasing an additional 73 shares during the last quarter. Twin Capital Management Inc. lifted its holdings in shares of Ralph Lauren by 1.5% during the fourth quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker’s stock valued at $1,307,000 after purchasing an additional 85 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Ralph Lauren by 7.4% in the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock worth $294,000 after buying an additional 88 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on RL. Telsey Advisory Group restated an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. Argus upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st. Needham & Company LLC assumed coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 target price for the company. TD Cowen increased their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company raised Ralph Lauren from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $275.00 to $240.00 in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $277.43.

Ralph Lauren Stock Performance

RL opened at $206.51 on Monday. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The company has a fifty day moving average of $233.35 and a 200 day moving average of $228.13.

Ralph Lauren (NYSE:RL) last announced its quarterly 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%. As a group, sell-side analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

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

About Ralph Lauren

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.