Kera Capital Partners Inc. Purchases 501 Shares of Ralph Lauren Corporation $RL

by · The Cerbat Gem

Kera Capital Partners Inc. boosted its position in Ralph Lauren Corporation (NYSE:RL – Free Report) by 44.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,631 shares of the textile maker’s stock after acquiring an additional 501 shares during the quarter. Kera Capital Partners Inc.’s holdings in Ralph Lauren were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after acquiring an additional 275,391 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Ralph Lauren by 55.7% during the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after buying an additional 414,275 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Ralph Lauren by 16.5% during the first quarter. Jennison Associates LLC now owns 565,687 shares of the textile maker’s stock valued at $124,870,000 after buying an additional 79,934 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ralph Lauren by 1.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 311,274 shares of the textile maker’s stock valued at $71,898,000 after buying an additional 5,742 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of Ralph Lauren by 7.8% during the first quarter. Truist Financial Corp now owns 300,837 shares of the textile maker’s stock valued at $66,407,000 after buying an additional 21,681 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $315.23 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $296.18 and a 200-day moving average of $262.21. The firm has a market cap of $19.09 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.60 and a beta of 1.60. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $321.77.

Ralph Lauren (NYSE:RL – Get Free Report) last posted its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business posted $2.70 earnings per share. Ralph Lauren’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren announced that its Board of Directors has approved a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the textile maker to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.2%. Ralph Lauren’s dividend payout ratio (DPR) is presently 29.15%.

Wall Street Analysts Forecast Growth

RL has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Ralph Lauren from $355.00 to $406.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. The Goldman Sachs Group raised their price objective on Ralph Lauren from $262.00 to $324.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Thursday, May 22nd. Bank of America raised their price objective on Ralph Lauren from $318.00 to $328.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Telsey Advisory Group raised their price objective on Ralph Lauren from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $308.76.

Read Our Latest Stock Report on RL

About Ralph Lauren

(Free Report)

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.

See Also

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