SYM FINANCIAL Corp Makes New Investment in Ralph Lauren Co. (NYSE:RL)

SYM FINANCIAL Corp bought a new stake in Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 996 shares of the textile maker’s stock, valued at approximately $230,000.

Several other large investors have also made changes to their positions in RL. The Manufacturers Life Insurance Company grew its holdings in Ralph Lauren by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,955 shares of the textile maker’s stock worth $5,594,000 after acquiring an additional 595 shares during the last quarter. Creative Planning grew its stake in shares of Ralph Lauren by 15.4% during the second quarter. Creative Planning now owns 1,952 shares of the textile maker’s stock valued at $342,000 after purchasing an additional 261 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Ralph Lauren in the second quarter valued at approximately $715,000. Czech National Bank raised its position in Ralph Lauren by 9.7% in the 3rd quarter. Czech National Bank now owns 8,160 shares of the textile maker’s stock worth $1,582,000 after purchasing an additional 720 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Ralph Lauren by 23.8% during the 3rd quarter. SG Americas Securities LLC now owns 19,723 shares of the textile maker’s stock worth $3,824,000 after buying an additional 3,797 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RL shares. UBS Group lifted their target price on Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their price objective on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. TD Cowen raised their target price 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. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, Raymond James cut shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.91.

Ralph Lauren Stock Performance

RL stock opened at $249.79 on Monday. Ralph Lauren Co. has a 1-year low of $142.26 and a 1-year high of $260.77. The business’s 50-day moving average price is $235.71 and its two-hundred day moving average price is $203.23. The firm has a market cap 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 (NYSE:RL) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 EPS. As a group, research analysts forecast that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.32%. Ralph Lauren’s payout ratio is 31.46%.

Ralph Lauren Company 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.