Summit Securities Group LLC Takes $92,000 Position in Ralph Lauren Co. (NYSE:RL)

Summit Securities Group LLC purchased a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 400 shares of the textile maker’s stock, valued at approximately $92,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Burney Co. purchased a new position in Ralph Lauren in the 4th quarter worth approximately $5,711,000. Citizens Financial Group Inc. RI purchased a new position in Ralph Lauren during the fourth quarter worth approximately $3,014,000. Amundi boosted its stake in Ralph Lauren by 8.3% during the fourth quarter. Amundi now owns 195,208 shares of the textile maker’s stock worth $47,444,000 after buying an additional 14,889 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Ralph Lauren in the 3rd quarter valued at $1,819,000. Finally, CWA Asset Management Group LLC increased its stake in shares of Ralph Lauren by 31.9% in 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 during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and upped their price objective for the company from $280.00 to $286.00 in a report on Tuesday, March 18th. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Tuesday, December 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price target on shares of Ralph Lauren in a research report on Tuesday, February 4th. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Finally, Barclays lifted their target price on Ralph Lauren from $257.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $284.62.

Ralph Lauren Stock Down 4.3 %

Shares of NYSE:RL opened at $215.46 on Monday. The firm has a market capitalization of $13.31 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The firm’s 50-day moving average is $251.01 and its two-hundred day moving average is $226.51.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.53%. Ralph Lauren’s dividend payout ratio is currently 30.11%.

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.