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

Keystone Investors PTE Ltd. purchased a new position in Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,800 shares of the textile maker’s stock, valued at approximately $2,264,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new position in Ralph Lauren in the third quarter worth $94,831,000. World Investment Advisors LLC purchased a new stake in Ralph Lauren during the 3rd quarter valued at about $19,320,000. Atreides Management LP increased its holdings in shares of Ralph Lauren by 28.3% in the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock valued at $73,182,000 after purchasing an additional 83,349 shares during the period. Holocene Advisors LP boosted its position in Ralph Lauren by 10.2% in the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after buying an additional 78,008 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Ralph Lauren during the fourth quarter valued at $16,848,000. 67.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RL has been the subject of a number of analyst reports. The Goldman Sachs Group raised Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price target for the stock from $280.00 to $286.00 in a report on Tuesday, March 18th. Jefferies Financial Group raised their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, December 31st. BNP Paribas raised Ralph Lauren to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group boosted their price target on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

Ralph Lauren Trading Up 5.7 %

RL opened at $236.74 on Tuesday. The business has a fifty day moving average price of $252.04 and a 200 day moving average price of $225.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.73 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Sell-side analysts expect that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s payout ratio is currently 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.