Polymer Capital Management HK LTD Takes $2.54 Million Position in Ralph Lauren Co. (NYSE:RL)

Polymer Capital Management HK LTD acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,000 shares of the textile maker’s stock, valued at approximately $2,541,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Ralph Lauren by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after purchasing an additional 82,819 shares during the period. Boston Partners raised its holdings in Ralph Lauren by 7.1% during the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock worth $227,085,000 after buying an additional 65,303 shares during the period. Geode Capital Management LLC lifted its stake in Ralph Lauren by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker’s stock valued at $223,513,000 after buying an additional 19,264 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Ralph Lauren in the third quarter valued at approximately $94,831,000. Finally, Truist Financial Corp boosted its holdings in shares of Ralph Lauren by 5.6% in the fourth quarter. Truist Financial Corp now owns 279,156 shares of the textile maker’s stock valued at $64,480,000 after buying an additional 14,693 shares during the period. 67.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RL. Jefferies Financial Group boosted their price objective on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 target price on shares of Ralph Lauren in a research note on Tuesday, February 4th. The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $280.00 to $286.00 in a research note on Tuesday, March 18th. Finally, Needham & Company LLC initiated coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price objective on the stock. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

Ralph Lauren Stock Down 0.7 %

RL stock opened at $196.53 on Friday. The business’s 50 day simple moving average is $247.58 and its 200 day simple moving average is $227.44. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The firm has a market capitalization of $12.14 billion, a PE ratio of 17.93, a PEG ratio of 1.73 and a beta of 1.38. 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 (NYSE:RL) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio is presently 30.11%.

Ralph Lauren Company 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.