VIRGINIA RETIREMENT SYSTEMS ET Al Sells 1,690 Shares of Ralph Lauren Corporation $RL

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in Ralph Lauren Corporation (NYSE:RL) by 16.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,593 shares of the textile maker’s stock after selling 1,690 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Ralph Lauren were worth $3,039,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of Ralph Lauren by 0.3% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock valued at $3,688,000 after buying an additional 32 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Ralph Lauren by 0.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after buying an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Ralph Lauren by 23.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after buying an additional 34 shares in the last quarter. Polymer Capital Management US LLC boosted its holdings in shares of Ralph Lauren by 1.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after buying an additional 34 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

RL opened at $333.67 on Friday. Ralph Lauren Corporation has a 12-month low of $258.13 and a 12-month high of $393.41. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $20.20 billion, a PE ratio of 22.71, a P/E/G ratio of 1.16 and a beta of 1.37. The firm has a 50 day moving average of $354.49 and a two-hundred day moving average of $354.82.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, March 27th. Ralph Lauren’s payout ratio is 24.85%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RL. Telsey Advisory Group restated an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a report on Thursday, February 5th. Evercore set a $420.00 target price on shares of Ralph Lauren and gave the stock an “outperform” rating in a research note on Friday, February 6th. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. BTIG Research lifted their target price on shares of Ralph Lauren from $435.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Argus lifted their target price on shares of Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.31.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.