Burney Co. Takes $5.71 Million Position in Ralph Lauren Co. (NYSE:RL)

Burney Co. acquired a new position in Ralph Lauren Co. (NYSE:RL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,726 shares of the textile maker’s stock, valued at approximately $5,711,000.

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

Wall Street Analyst Weigh In

RL has been the subject of several analyst reports. UBS Group boosted their target price on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Tuesday, December 31st. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Raymond James boosted their target price on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, TD Cowen raised their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus target price of $228.09.

Ralph Lauren Stock Up 1.2 %

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

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.10 EPS. On average, research analysts forecast that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

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.