Burney Co. Acquires Shares of 24,726 Ralph Lauren Co. (NYSE:RL)

Burney Co. acquired a new stake in Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 24,726 shares of the textile maker’s stock, valued at approximately $5,711,000.

A number of other hedge funds have also modified their holdings of RL. Choreo LLC acquired a new stake in Ralph Lauren in the 2nd quarter valued at $317,000. Daiwa Securities Group Inc. lifted its holdings in shares of Ralph Lauren by 22.0% during the second quarter. Daiwa Securities Group Inc. now owns 1,570 shares of the textile maker’s stock valued at $275,000 after acquiring an additional 283 shares during the period. American Century Companies Inc. boosted its stake in shares of Ralph Lauren by 8.2% in the 2nd quarter. American Century Companies Inc. now owns 142,673 shares of the textile maker’s stock valued at $24,976,000 after purchasing an additional 10,826 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Ralph Lauren by 1,308.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 479 shares of the textile maker’s stock worth $82,000 after purchasing an additional 445 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Ralph Lauren by 929.3% during the 2nd quarter. Federated Hermes Inc. now owns 772 shares of the textile maker’s stock worth $135,000 after purchasing an additional 697 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance

Shares of RL stock opened at $240.49 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 12 month low of $134.90 and a 12 month high of $245.92. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.69 and a beta of 1.49. The stock has a 50-day moving average price of $225.80 and a 200 day moving average price of $196.35.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. Ralph Lauren’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.37%. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Raymond James boosted their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. UBS Group raised their price target on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays boosted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Wells Fargo & Company raised their target price on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group upped their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.09.

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.