California State Teachers Retirement System Boosts Holdings in Ralph Lauren Corporation $RL

California State Teachers Retirement System lifted its position in shares of Ralph Lauren Corporation (NYSE:RL - Free Report) by 22.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,090 shares of the textile maker's stock after purchasing an additional 8,312 shares during the period. California State Teachers Retirement System owned about 0.07% of Ralph Lauren worth $15,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Blueline Advisors LLC purchased a new stake in Ralph Lauren during the 4th quarter worth $27,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren in the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren in the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Ralph Lauren during the second quarter valued at about $32,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Ralph Lauren during the fourth quarter valued at about $35,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings cut Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, May 15th. Needham & Company LLC reissued a "buy" rating and issued a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Wall Street Zen upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Zacks Research downgraded Ralph Lauren from a "strong-buy" rating to a "hold" rating in a report on Friday, April 24th. Finally, Telsey Advisory Group upped their target price on Ralph Lauren from $435.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, June 23rd. Fifteen investment analysts have rated the stock with a Buy rating and three have issued 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 target price of $430.79.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $380.85 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. Ralph Lauren Corporation has a 1 year low of $273.04 and a 1 year high of $421.60. The firm's 50-day simple moving average is $387.35 and its 200-day simple moving average is $367.66. The firm has a market cap of $22.67 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.89 and a beta of 1.35.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm earned $2.27 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. This is an increase from Ralph Lauren's previous quarterly dividend of $0.91. Ralph Lauren's dividend payout ratio is currently 26.47%.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men's neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren's product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

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