Ralph Lauren Corporation $RL Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its position in Ralph Lauren Corporation (NYSE:RL) by 39.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,594 shares of the textile maker’s stock after selling 1,692 shares during the period. Texas Permanent School Fund Corp’s holdings in Ralph Lauren were worth $711,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Ralph Lauren by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after buying an additional 117,494 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new position in shares of Ralph Lauren during the 2nd quarter worth about $6,308,000. BNP Paribas Financial Markets boosted its position in shares of Ralph Lauren by 31.5% in the first quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock worth $37,778,000 after acquiring an additional 40,977 shares during the last quarter. Signal Advisors Wealth LLC purchased a new stake in Ralph Lauren in the second quarter valued at approximately $309,000. Finally, Entropy Technologies LP acquired a new position in Ralph Lauren during the second quarter worth approximately $3,902,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $362.25 on Friday. The firm has a market cap of $21.97 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.77 and a beta of 1.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $380.00. The stock has a 50-day simple moving average of $345.56 and a 200-day simple moving average of $313.07.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business earned $2.54 EPS. Ralph Lauren’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.98%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RL shares. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Wells Fargo & Company boosted their price target on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. BTIG Research initiated coverage on Ralph Lauren in a research note on Tuesday, October 14th. They set a “buy” rating and a $400.00 price target for the company. UBS Group lifted their price objective on Ralph Lauren from $421.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Needham & Company LLC increased their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $357.44.

Ralph Lauren Profile

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.