Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 169 Shares of Ralph Lauren Co. (NYSE:RL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Ralph Lauren Co. (NYSE:RL) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,551 shares of the textile maker’s stock after selling 169 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ralph Lauren were worth $1,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RL. Natixis Advisors LLC grew its holdings in Ralph Lauren by 3.9% during the 3rd quarter. Natixis Advisors LLC now owns 13,343 shares of the textile maker’s stock worth $2,587,000 after acquiring an additional 502 shares during the period. Commerce Bank boosted its position in shares of Ralph Lauren by 1.2% during the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after purchasing an additional 66 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ralph Lauren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after purchasing an additional 13,640 shares during the period. Cerity Partners LLC increased its holdings in Ralph Lauren by 70.3% in the third quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker’s stock worth $2,411,000 after purchasing an additional 5,133 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Ralph Lauren by 92.4% in the third quarter. Larson Financial Group LLC now owns 2,317 shares of the textile maker’s stock valued at $449,000 after buying an additional 1,113 shares during the period. Institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RL shares. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. TD Cowen raised their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report 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 report on Tuesday, December 31st. BNP Paribas upgraded Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Price Performance

RL opened at $236.74 on Tuesday. The firm’s fifty day moving average price is $252.04 and its two-hundred day moving average price is $225.05. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 1.73 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping the consensus estimate 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, analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is 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.