HB Wealth Management LLC Buys New Shares in Ralph Lauren Co. (NYSE:RL)

HB Wealth Management LLC purchased a new position in shares of Ralph Lauren Co. (NYSE:RL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,178 shares of the textile maker’s stock, valued at approximately $272,000.

Several other hedge funds have also recently made changes to their positions in RL. Burney Co. bought a new position in shares of Ralph Lauren during the 4th quarter worth about $5,711,000. Charles Schwab Investment Management Inc. boosted its holdings in Ralph Lauren by 2.8% in the third 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 grew its stake in Ralph Lauren by 145.8% in the third quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock valued at $11,618,000 after acquiring an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ralph Lauren during the third quarter valued at approximately $1,819,000. Finally, CWA Asset Management Group LLC raised its position in shares of Ralph Lauren by 31.9% during the fourth quarter. CWA Asset Management Group LLC now owns 11,913 shares of the textile maker’s stock worth $2,752,000 after purchasing an additional 2,880 shares during the period. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on RL. Barclays lifted 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. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, Raymond James raised their target price on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.09.

Ralph Lauren Stock Down 0.1 %

Shares of NYSE:RL opened at $256.17 on Friday. Ralph Lauren Co. has a 1 year low of $139.49 and a 1 year high of $257.41. The company has a market capitalization of $15.91 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49. The business has a fifty day moving average price of $231.00 and a two-hundred day moving average price of $200.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

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, beating the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.10 earnings per share. Analysts forecast that Ralph Lauren Co. will post 11.75 earnings per share for the current year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.29%. 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.