Keystone Investors PTE Ltd. Takes $1.62 Million Position in 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 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,208 shares of the textile maker's stock, valued at approximately $1,616,000.

A number of other large investors have also recently made changes to their positions in RL. Raymond James & Associates grew its stake in Ralph Lauren by 52.8% during the third quarter. Raymond James & Associates now owns 46,554 shares of the textile maker's stock valued at $5,404,000 after acquiring an additional 16,083 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Ralph Lauren by 6.8% in the third quarter. Bank of New York Mellon Corp now owns 442,295 shares of the textile maker's stock worth $51,346,000 after purchasing an additional 28,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ralph Lauren by 8.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,419 shares of the textile maker's stock worth $861,000 after buying an additional 596 shares in the last quarter. Strs Ohio boosted its stake in Ralph Lauren by 14.0% during the third quarter. Strs Ohio now owns 12,872 shares of the textile maker's stock valued at $1,494,000 after buying an additional 1,576 shares during the period. Finally, Advisor Partners II LLC grew its position in Ralph Lauren by 21.8% during the third quarter. Advisor Partners II LLC now owns 2,066 shares of the textile maker's stock worth $240,000 after buying an additional 370 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Trading Up 0.4 %

Shares of NYSE RL traded up $0.67 during mid-day trading on Wednesday, hitting $166.98. The stock had a trading volume of 733,525 shares, compared to its average volume of 960,762. The firm has a market cap of $10.68 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 0.96 and a beta of 1.55. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.17. The business has a 50 day moving average price of $172.64 and a two-hundred day moving average price of $154.03. Ralph Lauren Co. has a 1 year low of $103.17 and a 1 year high of $192.03.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Wednesday, March 27th. Ralph Lauren's payout ratio is 34.01%.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on Ralph Lauren from $160.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, March 4th. Jefferies Financial Group began coverage on shares of Ralph Lauren in a report on Tuesday, April 30th. They set a "buy" rating and a $195.00 price objective for the company. Raymond James upped their target price on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 30th. StockNews.com raised Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Monday, January 22nd. Finally, TD Cowen increased their price objective on Ralph Lauren from $192.00 to $197.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $163.08.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.