Global Retirement Partners LLC Buys 248 Shares of Ralph Lauren Co. (NYSE:RL)

Global Retirement Partners LLC increased its stake in shares of Ralph Lauren Co. (NYSE:RL) by 34.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 971 shares of the textile maker’s stock after purchasing an additional 248 shares during the quarter. Global Retirement Partners LLC’s holdings in Ralph Lauren were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RL. Huntington National Bank boosted its position in Ralph Lauren by 86.6% during 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 raised its stake in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares during the last quarter. AM Squared Ltd acquired a new position in shares of Ralph Lauren during the third quarter worth $58,000. Versant Capital Management Inc grew its stake in shares of Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Ralph Lauren in the third quarter valued at $86,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group upped their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Tuesday, December 31st. Guggenheim increased their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $284.15.

Ralph Lauren Price Performance

Shares of NYSE RL opened at $267.88 on Wednesday. The firm has a market capitalization of $16.55 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.73 and a beta of 1.49. The firm’s 50-day moving average price is $250.61 and its 200-day moving average price is $215.87. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities research analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s payout ratio is currently 30.11%.

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.