Keeler Thomas Management LLC Invests $1.59 Million in Ralph Lauren Corporation $RL

Keeler Thomas Management LLC bought a new position in shares of Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,800 shares of the textile maker’s stock, valued at approximately $1,591,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kestra Private Wealth Services LLC raised its position in shares of Ralph Lauren by 4.2% during the first quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker’s stock worth $231,000 after acquiring an additional 42 shares during the last quarter. Baader Bank Aktiengesellschaft grew its holdings in Ralph Lauren by 3.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker’s stock worth $300,000 after buying an additional 45 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Ralph Lauren by 25.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker’s stock worth $73,000 after purchasing an additional 67 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Ralph Lauren by 26.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 348 shares of the textile maker’s stock valued at $75,000 after buying an additional 72 shares during the last quarter. Finally, Greenleaf Trust lifted its position in shares of Ralph Lauren by 7.9% during the 2nd quarter. Greenleaf Trust now owns 984 shares of the textile maker’s stock valued at $270,000 after buying an additional 72 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

RL opened at $335.19 on Friday. The stock’s 50 day simple moving average is $311.91 and its 200 day simple moving average is $280.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $341.90. The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.67 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $2.70 EPS. Ralph Lauren’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s dividend payout ratio (DPR) is presently 29.15%.

Wall Street Analyst Weigh In

RL has been the topic of a number of recent research reports. Evercore ISI increased their price objective on Ralph Lauren from $320.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. BTIG Research started coverage on Ralph Lauren in a report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Finally, TD Cowen raised their price target on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.12.

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.