Ralph Lauren Co. (NYSE:RL) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in Ralph Lauren Co. (NYSE:RL) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,781 shares of the textile maker’s stock after purchasing an additional 169 shares during the quarter. Retirement Systems of Alabama’s holdings in Ralph Lauren were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RL. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ralph Lauren by 161.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,900 shares of the textile maker’s stock valued at $508,000 after acquiring an additional 1,789 shares during the last quarter. Fifth Third Bancorp grew its holdings in Ralph Lauren by 6.0% in the second quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 99 shares during the period. Family Firm Inc. acquired a new position in Ralph Lauren during the second quarter worth approximately $30,000. Catalyst Capital Advisors LLC purchased a new position in Ralph Lauren during the second quarter worth approximately $2,097,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Ralph Lauren by 9.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,836 shares of the textile maker’s stock valued at $496,000 after purchasing an additional 249 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 3.5 %

RL opened at $230.28 on Friday. The firm has a market capitalization of $14.30 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.69 and a beta of 1.50. The firm’s 50 day moving average is $213.71 and its 200-day moving average is $189.64. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 52-week low of $134.90 and a 52-week high of $237.16.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. Analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Analysts Set New Price Targets

RL has been the subject of a number of research analyst reports. TD Cowen upped their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. Guggenheim lifted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays increased their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, UBS Group lifted their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $223.90.

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.