Kentucky Retirement Systems Insurance Trust Fund Acquires 925 Shares of Ralph Lauren Co. (NYSE:RL)

Kentucky Retirement Systems Insurance Trust Fund boosted its position in Ralph Lauren Co. (NYSE:RL - Free Report) by 78.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,111 shares of the textile maker's stock after purchasing an additional 925 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Ralph Lauren were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RL. Blue Trust Inc. lifted its position in shares of Ralph Lauren by 38.8% during the 3rd quarter. Blue Trust Inc. now owns 533 shares of the textile maker's stock valued at $103,000 after acquiring an additional 149 shares during the period. Raymond James & Associates lifted its position in shares of Ralph Lauren by 4.7% during the 3rd quarter. Raymond James & Associates now owns 64,743 shares of the textile maker's stock valued at $12,552,000 after acquiring an additional 2,912 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of Ralph Lauren during the 3rd quarter valued at $255,000. Signaturefd LLC lifted its position in shares of Ralph Lauren by 66.8% during the 3rd quarter. Signaturefd LLC now owns 612 shares of the textile maker's stock valued at $119,000 after acquiring an additional 245 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Ralph Lauren by 177,157.1% during the 3rd quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker's stock valued at $2,406,000 after acquiring an additional 12,401 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday. BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a report on Thursday, January 23rd. Telsey Advisory Group reissued an "outperform" rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th. Raymond James cut Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Finally, Barclays boosted their price target on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Ralph Lauren has a consensus rating of "Moderate Buy" and a consensus target price of $284.15.

Ralph Lauren Trading Down 3.5 %

Shares of RL stock traded down $9.91 on Friday, hitting $276.59. The company had a trading volume of 438,058 shares, compared to its average volume of 755,610. The firm has a market cap of $17.08 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.73 and a beta of 1.49. The stock's 50-day moving average is $247.94 and its two-hundred day moving average is $212.78. 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 Co. has a twelve month low of $155.96 and a twelve month high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating 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, equities research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.19%. 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.