Keystone Investors PTE Ltd. Purchases Shares of 9,800 Ralph Lauren Co. (NYSE:RL)

Keystone Investors PTE Ltd. bought a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,800 shares of the textile maker's stock, valued at approximately $2,264,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Modern Wealth Management LLC acquired a new position in Ralph Lauren in the 4th quarter worth approximately $217,000. Prudential Financial Inc. raised its position in Ralph Lauren by 16.9% during the fourth quarter. Prudential Financial Inc. now owns 95,873 shares of the textile maker's stock valued at $22,145,000 after buying an additional 13,879 shares during the period. Corebridge Financial Inc. lifted its stake in Ralph Lauren by 1.0% in the 4th quarter. Corebridge Financial Inc. now owns 10,189 shares of the textile maker's stock worth $2,353,000 after acquiring an additional 98 shares in the last quarter. LPL Financial LLC boosted its position in Ralph Lauren by 34.2% during the 4th quarter. LPL Financial LLC now owns 19,148 shares of the textile maker's stock worth $4,423,000 after acquiring an additional 4,879 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Ralph Lauren during the 4th quarter valued at about $2,201,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock traded down $9.70 during trading on Friday, reaching $215.46. The company's stock had a trading volume of 1,127,379 shares, compared to its average volume of 813,998. The business's fifty day moving average price is $251.01 and its 200-day moving average price is $226.14. Ralph Lauren Co. has a one year low of $155.96 and a one year high of $289.33. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76.

Remove Ads

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. As a group, equities research analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, March 28th. Ralph Lauren's payout ratio is presently 30.11%.

Analyst Ratings Changes

Several research firms recently commented on RL. Guggenheim raised their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, February 7th. TD Cowen boosted their price target on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Argus upgraded Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Tuesday, December 31st. Needham & Company LLC began coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a "buy" rating and a $310.00 target price on the stock. Finally, Barclays raised their price target on Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $284.62.

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.