Public Sector Pension Investment Board Has $16.41 Million Position in Ralph Lauren Corporation $RL

Public Sector Pension Investment Board raised its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 541.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,343 shares of the textile maker’s stock after acquiring an additional 44,180 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.09% of Ralph Lauren worth $16,413,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren during the second quarter worth approximately $28,000. MUFG Securities EMEA plc bought a new position in shares of Ralph Lauren in the second quarter valued at approximately $32,000. Geneos Wealth Management Inc. boosted its holdings in shares of Ralph Lauren by 57.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker’s stock worth $39,000 after acquiring an additional 52 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Ralph Lauren by 69.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 151 shares of the textile maker’s stock worth $41,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 1.6%

Shares of NYSE:RL opened at $369.05 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The stock has a market cap of $22.38 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 1.45 and a beta of 1.49. The company has a 50 day moving average of $360.68 and a 200-day moving average of $333.23. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $380.00.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $4.82 earnings per share. On average, sell-side analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is 24.85%.

Insider Activity

In other news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at $30,304,229.44. This represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 38.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on RL shares. Jefferies Financial Group decreased their target price on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $422.00 price target on shares of Ralph Lauren in a research report on Thursday, January 8th. Telsey Advisory Group restated an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a research report on Thursday, February 5th. Citigroup upped their target price on shares of Ralph Lauren from $333.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, BTIG Research raised their price target on shares of Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.06.

About Ralph Lauren

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.