Ralph Lauren Co. (NYSE:RL) Shares Acquired by Texas Permanent School Fund

Texas Permanent School Fund grew its stake in Ralph Lauren Co. (NYSE:RL – Get Rating) by 4.0% during the 4th quarter, Holdings Channel reports. The fund owned 6,315 shares of the textile maker’s stock after acquiring an additional 245 shares during the period. Texas Permanent School Fund’s holdings in Ralph Lauren were worth $667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. US Asset Management LLC purchased a new position in Ralph Lauren during the fourth quarter worth about $33,000. Ronald Blue Trust Inc. lifted its position in Ralph Lauren by 125.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 433 shares of the textile maker’s stock worth $36,000 after buying an additional 241 shares during the period. South Dakota Investment Council purchased a new position in Ralph Lauren during the third quarter worth about $51,000. Asset Management One Co. Ltd. lifted its position in Ralph Lauren by 52.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 536 shares of the textile maker’s stock worth $56,000 after buying an additional 185 shares during the period. Finally, Ameliora Wealth Management Ltd. purchased a new position in Ralph Lauren during the third quarter worth about $68,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $109.48 on Wednesday. Ralph Lauren Co. has a fifty-two week low of $82.23 and a fifty-two week high of $128.94. The business has a 50 day moving average price of $113.98 and a two-hundred day moving average price of $112.67. The company has a quick ratio of 1.37, a current ratio of 2.08 and a debt-to-equity ratio of 0.59. The firm has a market cap of $7.22 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.31 and a beta of 1.39.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $3.00 dividend on an annualized basis and a yield of 2.74%. Ralph Lauren’s dividend payout ratio (DPR) is presently 40.27%.

Analyst Upgrades and Downgrades

RL has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on Ralph Lauren from $90.00 to $100.00 and gave the stock a “sell” rating in a research report on Friday, February 10th. OTR Global upgraded Ralph Lauren to a “positive” rating in a research note on Friday, April 28th. Cowen upped their price target on Ralph Lauren from $148.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. BMO Capital Markets lowered Ralph Lauren from a “market perform” rating to an “underperform” rating and upped their price target for the stock from $96.00 to $100.00 in a research note on Friday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Ralph Lauren from $97.00 to $114.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average price target of $126.57.

About Ralph Lauren

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Ralph Lauren Corp. engages in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear and accessories, home, fragrances, and hospitality categories. The firm offers products under the brands of Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps.