Burney Co. bought a new position in shares of Ralph Lauren Co. (NYSE:RL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,726 shares of the textile maker's stock, valued at approximately $5,711,000.
Several other institutional investors also recently made changes to their positions in RL. Park Avenue Securities LLC raised its holdings in shares of Ralph Lauren by 18.1% in the 4th quarter. Park Avenue Securities LLC now owns 2,978 shares of the textile maker's stock worth $688,000 after purchasing an additional 456 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter valued at $202,000. FNY Investment Advisers LLC boosted its stake in shares of Ralph Lauren by 54.7% during the 4th quarter. FNY Investment Advisers LLC now owns 8,600 shares of the textile maker's stock worth $1,986,000 after acquiring an additional 3,041 shares in the last quarter. Wedmont Private Capital bought a new position in shares of Ralph Lauren in the fourth quarter valued at approximately $231,000. Finally, Czech National Bank lifted its stake in shares of Ralph Lauren by 6.9% in the fourth quarter. Czech National Bank now owns 8,721 shares of the textile maker's stock worth $2,014,000 after buying an additional 561 shares during the last quarter. 67.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
RL has been the topic of several research analyst reports. Barclays raised their price target on Ralph Lauren from $200.00 to $257.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Argus upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Tuesday, December 31st. UBS Group raised their target price on Ralph Lauren from $287.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $207.00 target price on shares of Ralph Lauren in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ralph Lauren presently has an average rating of "Moderate Buy" and an average price target of $228.09.
Check Out Our Latest Research Report on RL
Ralph Lauren Trading Down 0.3 %
Shares of NYSE RL traded down $0.68 during midday trading on Wednesday, reaching $236.85. 628,106 shares of the stock were exchanged, compared to its average volume of 691,543. Ralph Lauren Co. has a 12 month low of $134.90 and a 12 month high of $245.92. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.69 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The business has a 50-day simple moving average of $225.80 and a two-hundred day simple moving average of $196.35.
Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business's revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 earnings per share. As a group, equities research analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.
Ralph Lauren Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.39%. Ralph Lauren's dividend payout ratio (DPR) is presently 31.46%.
Ralph Lauren Profile
(
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.
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