Polymer Capital Management HK LTD Makes New $2.54 Million Investment in Ralph Lauren Co. (NYSE:RL)

Polymer Capital Management HK LTD acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,000 shares of the textile maker's stock, valued at approximately $2,541,000.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock valued at $249,361,000 after buying an additional 82,819 shares in the last quarter. Boston Partners grew its holdings in shares of Ralph Lauren by 7.1% in the fourth quarter. Boston Partners now owns 982,927 shares of the textile maker's stock valued at $227,085,000 after purchasing an additional 65,303 shares in the last quarter. Geode Capital Management LLC increased its position in Ralph Lauren by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker's stock worth $223,513,000 after purchasing an additional 19,264 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Ralph Lauren in the third quarter worth $94,831,000. Finally, Truist Financial Corp lifted its position in Ralph Lauren by 5.6% during the fourth quarter. Truist Financial Corp now owns 279,156 shares of the textile maker's stock valued at $64,480,000 after purchasing an additional 14,693 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RL shares. Cowen restated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Citigroup lowered their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating for the company in a research note on Monday. TD Cowen boosted their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their price target on Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, UBS Group increased their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $277.43.

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Ralph Lauren Stock Up 1.2 %

RL traded up $2.34 on Friday, hitting $197.01. The company had a trading volume of 344,009 shares, compared to its average volume of 846,140. The stock has a fifty day moving average price of $240.58 and a 200-day moving average price of $227.50. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. Ralph Lauren Co. has a 12-month low of $155.96 and a 12-month high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping 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%. Analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, March 28th. Ralph Lauren's payout ratio is currently 30.11%.

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.