Public Employees Retirement System of Ohio Cuts Stock Position in Ralph Lauren Co. (NYSE:RL)

Public Employees Retirement System of Ohio trimmed its position in shares of Ralph Lauren Co. (NYSE:RL) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,368 shares of the textile maker’s stock after selling 1,666 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ralph Lauren were worth $5,500,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RL. Family Firm Inc. bought a new stake in Ralph Lauren in the second quarter worth $30,000. Huntington National Bank lifted its stake in shares of Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. True Wealth Design LLC boosted its holdings in Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares during the period. AM Squared Ltd bought a new position in Ralph Lauren during the 3rd quarter worth approximately $58,000. Finally, Signaturefd LLC increased its stake in Ralph Lauren by 80.8% in the 2nd quarter. Signaturefd LLC now owns 367 shares of the textile maker’s stock worth $64,000 after purchasing an additional 164 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $227.45 on Friday. Ralph Lauren Co. has a fifty-two week low of $134.90 and a fifty-two week high of $237.16. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.69 and a beta of 1.50. The stock’s 50 day simple moving average is $211.34 and its two-hundred day simple moving average is $188.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 earnings per share. As a group, analysts expect that Ralph Lauren Co. will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. Ralph Lauren’s payout ratio is 31.46%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RL. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Cfra set a $171.00 price objective on shares of Ralph Lauren in a research report on Thursday, October 17th. Barclays increased their target price on shares of 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 boosted their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $223.90.

Ralph Lauren Company 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.