California Public Employees Retirement System boosted its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,200 shares of the textile maker’s stock after buying an additional 3,900 shares during the period. California Public Employees Retirement System’s holdings in Ralph Lauren Corporation were worth $13,892,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IPG Investment Advisors LLC acquired a new stake in shares of Ralph Lauren Corporation during the first quarter worth about $326,000. Systematic Financial Management LP acquired a new stake in shares of Ralph Lauren Corporation during the first quarter worth about $1,821,000. Principal Financial Group Inc. boosted its stake in shares of Ralph Lauren Corporation by 3.1% in the first quarter. Principal Financial Group Inc. now owns 87,815 shares of the textile maker’s stock worth $7,167,000 after buying an additional 2,670 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Ralph Lauren Corporation by 27.0% in the first quarter. OppenheimerFunds Inc. now owns 10,588 shares of the textile maker’s stock worth $864,000 after buying an additional 2,253 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Ralph Lauren Corporation during the first quarter worth about $580,000. Institutional investors and hedge funds own 58.12% of the company’s stock.

Institutional Ownership by Quarter for Ralph Lauren Corporation (NYSE:RL)

Ralph Lauren Corporation (NYSE RL) traded down 0.04% during mid-day trading on Tuesday, reaching $71.40. 392,273 shares of the company’s stock traded hands. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The firm’s market cap is $5.78 billion. The firm’s 50-day moving average price is $72.92 and its 200 day moving average price is $82.06.

Ralph Lauren Corporation (NYSE:RL) last posted its earnings results on Thursday, May 18th. The textile maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. Ralph Lauren Corporation had a negative net margin of 1.49% and a positive return on equity of 13.57%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted $0.88 EPS. The business’s quarterly revenue was down 16.4% on a year-over-year basis. On average, equities analysts forecast that Ralph Lauren Corporation will post $4.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.80%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently -163.93%.

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RL has been the topic of a number of analyst reports. Vetr cut shares of Ralph Lauren Corporation from a “strong-buy” rating to a “buy” rating and set a $88.88 target price on the stock. in a report on Monday, February 27th. Zacks Investment Research raised shares of Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. ValuEngine cut shares of Ralph Lauren Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Ralph Lauren Corporation from a “sell” rating to a “hold” rating in a report on Friday. Finally, Cowen and Company reissued a “market perform” rating and set a $84.00 target price on shares of Ralph Lauren Corporation in a report on Sunday, April 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Ralph Lauren Corporation presently has an average rating of “Hold” and a consensus price target of $90.37.

Ralph Lauren Corporation Company Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

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