HB Wealth Management LLC Acquires Shares of 1,178 Ralph Lauren Co. (NYSE:RL)

HB Wealth Management LLC bought a new position in shares of Ralph Lauren Co. (NYSE:RL) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,178 shares of the textile maker’s stock, valued at approximately $272,000.

Several other large investors have also recently modified their holdings of RL. Huntington National Bank boosted its holdings in Ralph Lauren by 86.6% in the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the period. True Wealth Design LLC boosted its holdings in shares of Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the period. AM Squared Ltd purchased a new position in shares of Ralph Lauren in the third quarter valued at $58,000. Quent Capital LLC raised its stake in shares of Ralph Lauren by 181.7% during the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 258 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RL. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Raymond James upped their price target on shares of Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, TD Cowen increased their price objective on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $228.09.

Ralph Lauren Price Performance

RL opened at $256.17 on Friday. The stock has a market capitalization of $15.91 billion, a P/E ratio of 24.42, a PEG ratio of 1.85 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 12-month low of $139.49 and a 12-month high of $257.41. The stock has a 50-day moving average price of $231.00 and a 200-day moving average price of $200.19.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.10 earnings per share. Equities analysts predict that Ralph Lauren Co. will post 11.75 earnings per share for the current fiscal 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 paid 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%.

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.