Stonegate Investment Group LLC Takes $240,000 Position in Ralph Lauren Co. (NYSE:RL)

Stonegate Investment Group LLC acquired a new stake in Ralph Lauren Co. (NYSE:RLFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,038 shares of the textile maker’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Burney Co. acquired a new position in Ralph Lauren during the 4th quarter worth approximately $5,711,000. Charles Schwab Investment Management Inc. lifted its position in Ralph Lauren by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after acquiring an additional 13,640 shares in the last quarter. Bridgewater Associates LP lifted its position in Ralph Lauren by 145.8% during the 3rd quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock worth $11,618,000 after acquiring an additional 35,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ralph Lauren during the 3rd quarter worth approximately $1,819,000. Finally, CWA Asset Management Group LLC lifted its position in Ralph Lauren by 31.9% during the 4th quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after acquiring an additional 2,880 shares in the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

RL stock opened at $256.68 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The firm has a market cap of $15.94 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.85 and a beta of 1.49. Ralph Lauren Co. has a 12-month low of $142.26 and a 12-month high of $260.77. The stock’s 50 day simple moving average is $233.93 and its 200 day simple moving average is $201.85.

Ralph Lauren (NYSE:RLGet Free Report) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that Ralph Lauren Co. will post 11.75 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RL shares. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company lifted 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. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Tuesday, December 31st. Finally, Barclays lifted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $244.91.

View Our Latest Report on RL

Ralph Lauren Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.