Strs Ohio Lowers Holdings in Ralph Lauren Corporation $RL

Strs Ohio cut its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 85.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 908 shares of the textile maker’s stock after selling 5,239 shares during the quarter. Strs Ohio’s holdings in Ralph Lauren were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RL. Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at $6,308,000. JPMorgan Chase & Co. boosted its holdings in Ralph Lauren by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock valued at $276,407,000 after acquiring an additional 117,494 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Ralph Lauren by 18.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock valued at $10,147,000 after acquiring an additional 5,075 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Ralph Lauren by 159.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,113 shares of the textile maker’s stock valued at $3,171,000 after acquiring an additional 6,213 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Ralph Lauren during the second quarter worth about $3,902,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on RL. Jefferies Financial Group started coverage on Ralph Lauren in a research note on Wednesday, January 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Argus increased their price objective on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft set a $422.00 target price on shares of Ralph Lauren in a research note on Thursday, January 8th. Finally, Wells Fargo & Company raised their price target on Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Fifteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.35.

Ralph Lauren Trading Down 0.4%

NYSE RL opened at $353.52 on Monday. The firm’s fifty day moving average price is $362.41 and its 200 day moving average price is $329.25. Ralph Lauren Corporation has a 12 month low of $176.61 and a 12 month high of $380.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. Ralph Lauren’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. On average, sell-side analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is 26.98%.

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.