Teachers Retirement System of The State of Kentucky Reduces Holdings in Ralph Lauren Co. (NYSE:RL)

Teachers Retirement System of The State of Kentucky cut its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,705 shares of the textile maker's stock after selling 2,800 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.20% of Ralph Lauren worth $28,573,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RL. Mather Group LLC. increased its stake in Ralph Lauren by 4.1% during the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock valued at $273,000 after purchasing an additional 47 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Ralph Lauren by 6.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock valued at $231,000 after buying an additional 62 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Ralph Lauren by 19.6% during the fourth quarter. TD Private Client Wealth LLC now owns 446 shares of the textile maker's stock valued at $103,000 after acquiring an additional 73 shares in the last quarter. Twin Capital Management Inc. raised its holdings in Ralph Lauren by 1.5% in the 4th quarter. Twin Capital Management Inc. now owns 5,659 shares of the textile maker's stock worth $1,307,000 after acquiring an additional 85 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Ralph Lauren by 7.4% during the 4th quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker's stock valued at $294,000 after purchasing an additional 88 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Price Performance

NYSE:RL traded down $0.14 during trading hours on Friday, hitting $220.01. 741,627 shares of the stock traded hands, compared to its average volume of 841,641. The stock has a 50 day moving average price of $226.61 and a 200 day moving average price of $228.30. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.825 per share. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.50%. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RL shares. TD Cowen upped their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Citigroup reduced their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Telsey Advisory Group restated an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a research note on Tuesday, February 4th. Finally, Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and an average price target of $275.71.

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.