State of New Jersey Common Pension Fund D Sells 1,621 Shares of Ralph Lauren Co. (NYSE:RL)

State of New Jersey Common Pension Fund D lowered its stake in Ralph Lauren Co. (NYSE:RL) by 11.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,224 shares of the textile maker’s stock after selling 1,621 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Ralph Lauren were worth $2,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares in the last quarter. AM Squared Ltd purchased a new stake in Ralph Lauren in the third quarter worth $58,000. Versant Capital Management Inc grew its stake in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Ralph Lauren in the third quarter worth $86,000. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RL shares. Wells Fargo & Company upped their price target on Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. TD Cowen raised their price target on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group raised their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, February 6th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Needham & Company LLC initiated coverage on Ralph Lauren in a report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price target for the company. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $279.33.

Ralph Lauren Price Performance

NYSE RL opened at $286.38 on Friday. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33. The stock has a 50-day moving average of $247.94 and a 200 day moving average of $212.78. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.15%. Ralph Lauren’s payout ratio is 30.11%.

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