Texas Permanent School Fund Has $1.71 Million Holding in Ralph Lauren Corp (RL)

Texas Permanent School Fund Has $1.71 Million Holding in Ralph Lauren Corp (RL)

Texas Permanent School Fund trimmed its stake in Ralph Lauren Corp (NYSE:RL) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,403 shares of the textile maker’s stock after selling 1,184 shares during the quarter. Texas Permanent School Fund’s holdings in Ralph Lauren were worth $1,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd purchased a new stake in Ralph Lauren during the 2nd quarter valued at about $262,000. Contravisory Investment Management Inc. boosted its holdings in shares of Ralph Lauren by 39.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 4,734 shares of the textile maker’s stock valued at $595,000 after acquiring an additional 1,344 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its holdings in shares of Ralph Lauren by 25.9% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 10,068 shares of the textile maker’s stock valued at $1,266,000 after acquiring an additional 2,068 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Ralph Lauren during the 2nd quarter valued at about $240,000. Finally, Bank of Montreal Can boosted its holdings in shares of Ralph Lauren by 60.6% during the 2nd quarter. Bank of Montreal Can now owns 124,987 shares of the textile maker’s stock valued at $15,714,000 after acquiring an additional 47,184 shares during the last quarter. 69.95% of the stock is owned by institutional investors.

NYSE RL opened at $127.40 on Thursday. Ralph Lauren Corp has a 12 month low of $84.53 and a 12 month high of $147.79. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.99 and a beta of 0.68. The company has a current ratio of 2.27, a quick ratio of 1.70 and a debt-to-equity ratio of 0.08.

Ralph Lauren (NYSE:RL) last announced its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.10. Ralph Lauren had a return on equity of 16.23% and a net margin of 3.82%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $1.99 EPS. The company’s revenue was up 1.6% on a year-over-year basis. As a group, analysts expect that Ralph Lauren Corp will post 6.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a $0.625 dividend. The ex-dividend date was Thursday, September 27th. This represents a $2.50 annualized dividend and a dividend yield of 1.96%. Ralph Lauren’s dividend payout ratio (DPR) is currently 41.46%.

A number of analysts have recently issued reports on RL shares. Bank of America raised their price target on shares of Ralph Lauren from $113.00 to $117.00 and gave the company a “sell” rating in a report on Wednesday, August 1st. Deutsche Bank started coverage on shares of Ralph Lauren in a report on Monday, October 29th. They set a “buy” rating and a $149.00 price target on the stock. Buckingham Research raised their price target on shares of Ralph Lauren from $130.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. Credit Suisse Group raised their price target on shares of Ralph Lauren from $153.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Finally, Barclays raised their price target on shares of Ralph Lauren from $114.00 to $118.00 and gave the company an “underweight” rating in a report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Ralph Lauren currently has a consensus rating of “Hold” and a consensus price target of $137.38.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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