RHS Financial LLC Buys Shares of 1,058 Ralph Lauren Co. (NYSE:RL)

RHS Financial LLC purchased a new stake in Ralph Lauren Co. (NYSE:RL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,058 shares of the textile maker’s stock, valued at approximately $244,000.

A number of other institutional investors also recently modified their holdings of RL. Caprock Group LLC acquired a new position in shares of Ralph Lauren in the fourth quarter valued at approximately $286,000. Stonegate Investment Group LLC bought a new position in shares of Ralph Lauren in the 4th quarter valued at $240,000. KBC Group NV raised its position in Ralph Lauren by 108.4% during the 4th quarter. KBC Group NV now owns 27,500 shares of the textile maker’s stock worth $6,352,000 after purchasing an additional 14,307 shares during the last quarter. Blue Trust Inc. raised its position in Ralph Lauren by 24.2% during the 4th quarter. Blue Trust Inc. now owns 662 shares of the textile maker’s stock worth $153,000 after purchasing an additional 129 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new stake in Ralph Lauren during the 4th quarter worth about $219,000. 67.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Ralph Lauren from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays boosted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Guggenheim upped their target price on shares of Ralph Lauren from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday. Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. Finally, TD Cowen upped their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $244.91.

Ralph Lauren Stock Down 3.4 %

Shares of NYSE:RL opened at $249.79 on Friday. The company has a market capitalization of $15.51 billion, a PE ratio of 23.81, a P/E/G ratio of 1.91 and a beta of 1.49. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a twelve month low of $142.26 and a twelve month high of $260.77. The firm has a 50 day simple moving average of $235.71 and a 200-day simple moving average of $202.79.

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. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 EPS. On average, equities analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced 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. This represents a $3.30 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Ralph Lauren Profile

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.