Keene & Associates Inc. Sells 44 Shares of Ralph Lauren Co. (NYSE:RL)

Keene & Associates Inc. lessened its stake in Ralph Lauren Co. (NYSE:RL) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,767 shares of the textile maker’s stock after selling 44 shares during the period. Keene & Associates Inc.’s holdings in Ralph Lauren were worth $408,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RL. Mather Group LLC. increased its stake in shares of Ralph Lauren by 4.1% in the 4th quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 47 shares during the last quarter. M&T Bank Corp grew its holdings in Ralph Lauren by 3.4% during the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares during the period. Simmons Bank increased its stake in Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after purchasing an additional 62 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock worth $231,000 after purchasing an additional 62 shares during the period. Finally, Commerce Bank raised its holdings in Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock worth $1,103,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 target price on shares of Ralph Lauren in a report on Tuesday, February 4th. Guggenheim raised their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $279.33.

Ralph Lauren Trading Up 1.5 %

Shares of Ralph Lauren stock opened at $286.87 on Wednesday. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-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 business’s 50 day moving average is $245.55 and its 200-day moving average is $211.74. The stock has a market cap of $17.72 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.71 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results 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%. Equities research analysts predict that Ralph Lauren Co. will post 11.98 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.15%. Ralph Lauren’s dividend payout ratio is 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.