VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 3,160 Shares of Ralph Lauren Corporation $RL

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 39.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,193 shares of the textile maker’s stock after acquiring an additional 3,160 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Ralph Lauren were worth $3,974,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in Ralph Lauren by 55.5% in the 2nd quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock worth $191,261,000 after purchasing an additional 170,091 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Ralph Lauren by 65.7% during the 1st quarter. Bank of New York Mellon Corp now owns 415,919 shares of the textile maker’s stock worth $143,072,000 after purchasing an additional 164,965 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Ralph Lauren by 20.0% during the 1st quarter. First Trust Advisors LP now owns 703,637 shares of the textile maker’s stock worth $242,044,000 after purchasing an additional 117,412 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Ralph Lauren by 150.1% in the first quarter. California Public Employees Retirement System now owns 184,249 shares of the textile maker’s stock valued at $63,380,000 after purchasing an additional 110,575 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Ralph Lauren in the third quarter valued at approximately $25,987,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

RL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Raymond James Financial restated an “outperform” rating and issued a $425.00 target price on shares of Ralph Lauren in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 target price on Ralph Lauren in a research note on Friday, August 7th. Telsey Advisory Group lifted their price target on Ralph Lauren from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Citigroup boosted their price target on shares of Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $449.07.

Ralph Lauren Trading Down 0.1%

Shares of Ralph Lauren stock opened at $392.43 on Monday. The firm has a market capitalization of $23.38 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.77 and a beta of 1.30. Ralph Lauren Corporation has a fifty-two week low of $306.55 and a fifty-two week high of $421.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The stock has a 50 day moving average of $361.03 and a 200 day moving average of $367.03.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $3.77 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts predict that Ralph Lauren Corporation will post 18.88 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 25th. Ralph Lauren’s dividend payout ratio (DPR) is presently 25.20%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.