Stonegate Investment Group LLC Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Stonegate Investment Group LLC purchased a new position in Ralph Lauren Co. (NYSE:RL) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,038 shares of the textile maker’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. M&T Bank Corp grew its stake in shares of Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after purchasing an additional 55 shares in the last quarter. Simmons Bank boosted its stake in Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after buying an additional 62 shares in the last quarter. Commerce Bank boosted its stake in Ralph Lauren by 1.2% during the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after buying an additional 66 shares in the last quarter. GAMMA Investing LLC boosted its stake in Ralph Lauren by 11.3% during the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after buying an additional 68 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Ralph Lauren by 7.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,274 shares of the textile maker’s stock valued at $294,000 after buying an additional 88 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on RL shares. The Goldman Sachs Group raised their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Cfra set a $171.00 target price on Ralph Lauren in a research note on Thursday, October 17th. Guggenheim raised their target price on Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen increased their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group increased their price target on Ralph Lauren from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday. 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’s stock. According to data from MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and an average target price of $244.91.

Ralph Lauren Stock Down 0.3 %

Shares of Ralph Lauren stock opened at $256.68 on Thursday. The stock has a 50-day moving average price of $233.93 and a 200 day moving average price of $201.85. The company 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. 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 1 year low of $142.26 and a 1 year high of $260.77.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. 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 business earned $2.10 EPS. As a group, analysts expect that Ralph Lauren Co. will post 11.75 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors 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 of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio is currently 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.