4,923 Shares in Ralph Lauren Corporation $RL Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems acquired a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,923 shares of the textile maker’s stock, valued at approximately $1,693,000.

Other large investors have also added to or reduced their stakes in the company. Blueline Advisors LLC bought a new stake in Ralph Lauren in the fourth quarter worth $27,000. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren during the third quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at $35,000. Elevated Capital Advisors LLC purchased a new position in shares of Ralph Lauren in the 4th quarter worth about $35,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Ralph Lauren in the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

RL has been the topic of a number of analyst reports. Barclays upped their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a report on Thursday, May 21st. Finally, Bank of America raised their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $430.79.

Ralph Lauren Stock Performance

RL opened at $380.85 on Friday. The company’s 50 day moving average is $387.35 and its 200 day moving average is $367.63. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.92 and a beta of 1.34. Ralph Lauren Corporation has a 12-month low of $273.04 and a 12-month high of $421.60.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. On average, equities research analysts predict that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is presently 26.47%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.