Louisiana State Employees Retirement System Has $446,000 Holdings in Ralph Lauren Co. (NYSE:RL)

Louisiana State Employees Retirement System lifted its position in Ralph Lauren Co. (NYSE:RL) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,300 shares of the textile maker’s stock after purchasing an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ralph Lauren were worth $446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its position in Ralph Lauren by 2.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after acquiring an additional 65 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ralph Lauren by 11.3% in the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 68 shares in the last quarter. Oak Thistle LLC raised its position in Ralph Lauren by 6.2% in the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock worth $216,000 after purchasing an additional 72 shares during the last quarter. Mather Group LLC. lifted its holdings in Ralph Lauren by 26.3% during the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after buying an additional 90 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Ralph Lauren by 8.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock valued at $202,000 after buying an additional 90 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

RL has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. TD Cowen increased their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim increased their price target on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Barclays lifted their price objective on 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 issued a buy rating to the company. According to MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus target price of $198.27.

Ralph Lauren Stock Up 2.3 %

NYSE RL opened at $208.04 on Thursday. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.63 and a beta of 1.49. Ralph Lauren Co. has a 1-year low of $111.94 and a 1-year high of $208.48. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $190.87 and a 200-day moving average of $178.53.

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 the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.34 earnings per share. On average, equities research analysts expect that Ralph Lauren Co. will post 11.26 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is currently 31.82%.

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