California State Teachers Retirement System Sells 1,284 Shares of Ralph Lauren Corporation $RL

California State Teachers Retirement System lessened its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,806 shares of the textile maker's stock after selling 1,284 shares during the period. California State Teachers Retirement System owned approximately 0.07% of Ralph Lauren worth $17,584,166 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RL. Wedmont Private Capital grew its holdings in Ralph Lauren by 3.6% during the 2nd quarter. Wedmont Private Capital now owns 1,394 shares of the textile maker's stock valued at $550,000 after purchasing an additional 48 shares during the last quarter. Angeles Wealth Management LLC purchased a new stake in Ralph Lauren in the second quarter valued at approximately $202,000. Compass Financial Management LLC purchased a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $835,000. AlphaGrep UK Ltd purchased a new position in Ralph Lauren during the second quarter worth approximately $707,000. Finally, BAM Wealth Management LLC grew its stake in Ralph Lauren by 23.7% in the second quarter. BAM Wealth Management LLC now owns 1,108 shares of the textile maker's stock worth $445,000 after purchasing an additional 212 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

RL stock traded down $3.84 during trading on Tuesday, hitting $337.59. The company had a trading volume of 269,435 shares, compared to its average volume of 647,567. Ralph Lauren Corporation has a fifty-two week low of $299.98 and a fifty-two week high of $421.60. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.27 and a beta of 1.34. The business has a 50 day moving average of $371.90 and a 200 day moving average of $368.59.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating the consensus estimate of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $3.77 EPS. Ralph Lauren's quarterly revenue was up 13.9% on a year-over-year basis. As a group, research analysts predict that Ralph Lauren Corporation will post 18.79 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 25th. Ralph Lauren's dividend payout ratio (DPR) is presently 25.20%.

Wall Street Analyst Weigh In

Several equities analysts have commented on RL shares. Evercore reaffirmed an "outperform" rating and issued a $460.00 price target on shares of Ralph Lauren in a report on Friday, August 7th. Barclays lifted their price target on Ralph Lauren from $439.00 to $463.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Needham & Company LLC upped their price objective on Ralph Lauren from $405.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. UBS Group increased their price objective on shares of Ralph Lauren from $511.00 to $520.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Citigroup raised their price target on Ralph Lauren from $400.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $445.67.

Ralph Lauren Company Profile

Ralph Lauren Corporation NYSE: RL is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company's products include men's, women's and children's clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.

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