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

Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Ralph Lauren Co. (NYSE:RL) by 78.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,111 shares of the textile maker’s stock after acquiring an additional 925 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Ralph Lauren were worth $488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Venturi Wealth Management LLC increased its holdings in Ralph Lauren by 141.7% in the 4th quarter. Venturi Wealth Management LLC now owns 539 shares of the textile maker’s stock worth $124,000 after buying an additional 316 shares in the last quarter. Truist Financial Corp increased its holdings in Ralph Lauren by 5.6% in the 4th quarter. Truist Financial Corp now owns 279,156 shares of the textile maker’s stock worth $64,480,000 after buying an additional 14,693 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Ralph Lauren by 2.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,720 shares of the textile maker’s stock worth $1,321,000 after buying an additional 157 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Ralph Lauren by 7.1% in the 4th quarter. Sanctuary Advisors LLC now owns 4,557 shares of the textile maker’s stock worth $1,053,000 after buying an additional 301 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in Ralph Lauren by 26.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 14,740 shares of the textile maker’s stock worth $3,405,000 after buying an additional 3,120 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RL. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Tuesday, December 31st. UBS Group raised their target price on Ralph Lauren from $332.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.33.

Ralph Lauren Stock Down 0.1 %

RL stock opened at $286.35 on Thursday. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The stock has a market cap of $17.68 billion, a P/E ratio of 26.13, a PEG ratio of 1.71 and a beta of 1.49. The business’s 50-day moving average price is $246.73 and its 200-day moving average price is $212.27.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) 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 forecast that Ralph Lauren Co. will post 11.98 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

Ralph Lauren Company 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.