Canada Pension Plan Investment Board Boosts Position in Ralph Lauren Co. (NYSE:RL)

Canada Pension Plan Investment Board boosted its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 20.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 117,700 shares of the textile maker’s stock after purchasing an additional 19,897 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Ralph Lauren were worth $20,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Bridgefront Capital LLC increased its holdings in Ralph Lauren by 251.5% in the 4th quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock worth $1,778,000 after acquiring an additional 8,822 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Ralph Lauren by 11.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after purchasing an additional 6,378 shares during the last quarter. Bessemer Group Inc. boosted its stake in Ralph Lauren by 708.2% during the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock worth $1,694,000 after purchasing an additional 7,904 shares during the last quarter. Artemis Investment Management LLP boosted its stake in Ralph Lauren by 11,052.5% during the 1st quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock worth $33,325,000 after purchasing an additional 175,956 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Ralph Lauren by 124.3% during the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after acquiring an additional 17,827 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 0.3 %

Shares of RL stock opened at $185.31 on Monday. Ralph Lauren Co. has a fifty-two week low of $108.60 and a fifty-two week high of $192.03. The stock has a market cap of $11.58 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.49 and a beta of 1.49. The business has a fifty day simple moving average of $170.22 and a 200-day simple moving average of $173.35. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $2.34 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts forecast that Ralph Lauren Co. will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.78%. Ralph Lauren’s payout ratio is currently 33.95%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RL. TD Cowen lowered their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Telsey Advisory Group upped their target price on shares of Ralph Lauren from $195.00 to $207.00 and gave the company an “outperform” rating in a research report on Friday. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Barclays boosted their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

About Ralph Lauren

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.