Burford Brothers Inc. Makes New $232,000 Investment in Ralph Lauren Co. (NYSE:RL)

Burford Brothers Inc. acquired a new stake in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,004 shares of the textile maker’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank lifted its stake in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. True Wealth Design LLC raised its holdings 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 worth $53,000 after acquiring an additional 268 shares during the period. AM Squared Ltd bought a new stake in Ralph Lauren in the 3rd quarter valued at $58,000. Quent Capital LLC boosted its stake in Ralph Lauren by 181.7% in the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after purchasing an additional 258 shares during the period. Finally, Versant Capital Management Inc increased 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. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RL has been the topic of several research reports. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. BNP Paribas raised shares of Ralph Lauren to a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group raised their target price on shares of Ralph Lauren from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group boosted their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $244.91.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $249.79 on Monday. The firm has a 50 day moving average of $235.71 and a 200-day moving average of $203.23. Ralph Lauren Co. has a 12 month low of $142.26 and a 12 month high of $260.77. 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 stock has a market capitalization 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 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $2.10 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.32%. 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.