Texas Permanent School Fund Corp Sells 1,606 Shares of Ralph Lauren Co. (NYSE:RL)

Texas Permanent School Fund Corp lowered its stake in shares of Ralph Lauren Co. (NYSE:RL) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,466 shares of the textile maker’s stock after selling 1,606 shares during the period. Texas Permanent School Fund Corp’s holdings in Ralph Lauren were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Ralph Lauren by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock valued at $921,634,000 after purchasing an additional 203,495 shares in the last quarter. Boston Partners grew its holdings in shares of Ralph Lauren by 3.4% in the first quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock valued at $235,662,000 after purchasing an additional 41,482 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Ralph Lauren by 42.2% in the second quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock valued at $111,760,000 after purchasing an additional 189,600 shares in the last quarter. Swedbank AB grew its holdings in shares of Ralph Lauren by 18.5% in the second quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock valued at $67,398,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Ralph Lauren by 10,207.7% during the first quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock worth $61,061,000 after buying an additional 322,053 shares during the period. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 0.3 %

Shares of RL opened at $185.30 on Friday. 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 firm has a fifty day moving average price of $170.14 and a 200-day moving average price of $173.39. The firm has a market capitalization 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. Ralph Lauren Co. has a 12-month low of $108.60 and a 12-month high of $192.03.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 earnings per share. Equities research analysts expect that Ralph Lauren Co. will post 11.23 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.825 dividend. The ex-dividend date of this dividend 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

RL has been the subject of several recent analyst reports. TD Cowen dropped their price objective on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Guggenheim reaffirmed a “buy” rating and set a $200.00 price objective on shares of Ralph Lauren in a research note on Friday, May 24th. Barclays lifted their price objective 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. Argus reaffirmed a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Finally, Telsey Advisory Group lifted their price objective on shares of Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.00.

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.