Burford Brothers Inc. Buys New Shares in Ralph Lauren Co. (NYSE:RL)

Burford Brothers Inc. purchased a new position in Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,004 shares of the textile maker’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RL. Greenleaf Trust acquired a new stake in Ralph Lauren during the fourth quarter worth about $206,000. SYM FINANCIAL Corp acquired a new stake in shares of Ralph Lauren during the 4th quarter worth approximately $230,000. Symphony Financial Ltd. Co. bought a new stake in shares of Ralph Lauren during the fourth quarter valued at approximately $223,000. Chicago Partners Investment Group LLC acquired a new position in shares of Ralph Lauren in the fourth quarter valued at $246,000. Finally, RHS Financial LLC bought a new position in Ralph Lauren in the fourth quarter worth $244,000. Institutional investors own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research report on Thursday, November 7th. Argus upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Tuesday, December 31st. UBS Group upped their price target on Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Guggenheim lifted their price objective on Ralph Lauren from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Jefferies Financial Group upped their target price on shares of Ralph Lauren from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and a consensus price target of $244.91.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $249.79 on Monday. Ralph Lauren Co. has a 1 year low of $142.26 and a 1 year high of $260.77. The company’s 50-day moving average is $235.71 and its two-hundred day moving average is $203.23. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The company has a market cap of $15.51 billion, a PE ratio of 23.81, a PEG ratio of 1.86 and a beta of 1.49.

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, beating analysts’ consensus estimates of $2.43 by $0.11. The firm 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 revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $2.10 earnings per share. Equities analysts anticipate that Ralph Lauren Co. will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced 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 1.32%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s payout ratio is 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.