Keystone Investors PTE Ltd. Invests $2.26 Million in Ralph Lauren Co. (NYSE:RL)

Keystone Investors PTE Ltd. purchased a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 9,800 shares of the textile maker’s stock, valued at approximately $2,264,000.

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

Ralph Lauren Stock Performance

RL opened at $236.74 on Tuesday. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a market cap of $14.62 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The business’s 50 day moving average is $252.04 and its 200-day moving average is $225.05.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (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%. On average, analysts predict that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.39%. Ralph Lauren’s payout ratio is currently 30.11%.

Wall Street Analyst Weigh In

RL has been the topic of several research analyst reports. Guggenheim lifted their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays increased their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price target for the company from $280.00 to $286.00 in a report on Tuesday, March 18th. Raymond James downgraded Ralph Lauren from an “outperform” rating to a “market perform” rating in a report on Monday, January 27th. Finally, UBS Group upped their price target on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $284.62.

About Ralph Lauren

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.