Ralph Lauren Corporation $RL Shares Sold by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System trimmed its Ralph Lauren stake by 6.7% in Q4, selling 2,793 shares and leaving it with 39,006 shares valued at about $13.79 million (≈0.06% of the company).
• CEO Patrice Louvet sold 47,000 shares on Feb. 10 for roughly $16.65 million, reducing his position by 35.46% to 85,552 shares; insiders now own about 38.34% of the stock.
• Ralph Lauren recently beat quarterly expectations with EPS of $6.22 vs. $5.80 and revenue of $2.41 billion (+12.2% y/y), and analysts hold a "Moderate Buy" consensus with an average target of $399.19.

New York State Teachers Retirement System lowered its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,006 shares of the textile maker's stock after selling 2,793 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Ralph Lauren worth $13,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RL. Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of Ralph Lauren by 0.3% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker's stock valued at $3,688,000 after purchasing an additional 32 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Ralph Lauren by 0.4% during the third quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker's stock worth $2,920,000 after purchasing an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Ralph Lauren by 23.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker's stock worth $63,000 after purchasing an additional 34 shares in the last quarter. Polymer Capital Management US LLC increased its holdings in Ralph Lauren by 1.1% in the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker's stock valued at $1,013,000 after buying an additional 34 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker's stock valued at $31,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Performance

Shares of RL stock opened at $362.41 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $357.85 and a 200-day simple moving average of $353.79. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.37. Ralph Lauren Corporation has a 12-month low of $228.05 and a 12-month high of $393.41.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts' consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.82 earnings per share. On average, equities analysts forecast that Ralph Lauren Corporation will post 16.25 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, March 27th. Ralph Lauren's payout ratio is presently 24.85%.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 38.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on RL. Telsey Advisory Group reaffirmed an "outperform" rating and set a $435.00 price target on shares of Ralph Lauren in a report on Thursday, February 5th. Barclays increased their price objective on Ralph Lauren from $416.00 to $430.00 and gave the company an "overweight" rating in a report on Friday, March 6th. BTIG Research raised their target price on Ralph Lauren from $400.00 to $435.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Evercore set a $420.00 target price on Ralph Lauren and gave the stock an "outperform" rating in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a report on Thursday, January 8th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $399.19.

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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