Public Sector Pension Investment Board Boosts Position in Ralph Lauren Co. (NYSE:RL)

Public Sector Pension Investment Board raised its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 11.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,649 shares of the textile maker’s stock after buying an additional 683 shares during the quarter. Public Sector Pension Investment Board’s holdings in Ralph Lauren were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in Ralph Lauren during the second quarter worth about $30,000. Gladius Capital Management LP purchased a new stake in Ralph Lauren in the 2nd quarter worth approximately $31,000. Versant Capital Management Inc boosted its position in Ralph Lauren by 1,775.0% in the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Ralph Lauren during the 1st quarter worth approximately $42,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Ralph Lauren during the 1st quarter valued at approximately $63,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

NYSE:RL opened at $192.22 on Wednesday. The company has a market cap of $11.91 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.61 and a beta of 1.49. Ralph Lauren Co. has a twelve month low of $108.60 and a twelve month high of $200.17. The company’s 50-day moving average price is $172.99 and its 200-day moving average price is $173.88. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

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

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s payout ratio is currently 33.95%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. Barclays raised their price objective on Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

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