Teachers Retirement System of The State of Kentucky Has $24.53 Million Position in Ralph Lauren Co. (NYSE:RL)

Teachers Retirement System of The State of Kentucky boosted its stake in Ralph Lauren Co. (NYSE:RL) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 126,505 shares of the textile maker’s stock after buying an additional 6,274 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ralph Lauren were worth $24,526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. grew its stake in shares of Ralph Lauren by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after buying an additional 137,631 shares during the period. Geode Capital Management LLC grew its stake in Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after acquiring an additional 30,694 shares during the period. AQR Capital Management LLC increased its holdings in shares of Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after acquiring an additional 528,778 shares in the last quarter. Holocene Advisors LP raised its position in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Ralph Lauren by 42.2% in the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after purchasing an additional 189,600 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RL has been the topic of several research reports. Guggenheim upped their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research report on Thursday, November 7th. Barclays boosted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. The Goldman Sachs Group raised their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Raymond James lifted their price objective on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Stock Performance

NYSE RL opened at $227.45 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The company has a market capitalization of $14.12 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.77 and a beta of 1.50. Ralph Lauren Co. has a 52-week low of $132.13 and a 52-week high of $237.16. The company has a 50-day simple moving average of $209.36 and a 200 day simple moving average of $187.56.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. Ralph Lauren’s revenue was up 5.7% on a year-over-year basis. On average, research analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is currently 31.46%.

Ralph Lauren Profile

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.