Teacher Retirement System of Texas Acquires 4,791 Shares of Ralph Lauren Co. (NYSE:RL)

Teacher Retirement System of Texas increased its holdings in Ralph Lauren Co. (NYSE:RL) by 20.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,647 shares of the textile maker’s stock after buying an additional 4,791 shares during the period. Teacher Retirement System of Texas’ holdings in Ralph Lauren were worth $6,617,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Ralph Lauren by 1,270.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after acquiring an additional 127 shares during the period. Jones Financial Companies Lllp lifted its holdings in Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after purchasing an additional 149 shares in the last quarter. True Wealth Design LLC boosted its stake in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the period. Versant Capital Management Inc grew its holdings in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Ralph Lauren during the third quarter valued at about $86,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $223.97 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 52-week low of $155.96 and a 52-week high of $289.33. The company has a fifty day moving average of $252.02 and a 200-day moving average of $224.60. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Equities research analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.47%. Ralph Lauren’s payout ratio is currently 30.11%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Needham & Company LLC assumed coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective on the stock. Barclays boosted their target price on Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, TD Cowen boosted their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $284.62.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.