Burney Co. Buys 10,271 Shares of Ralph Lauren Corporation $RL

Burney Co. raised its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 206.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,257 shares of the textile maker’s stock after purchasing an additional 10,271 shares during the period. Burney Co.’s holdings in Ralph Lauren were worth $4,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RL. AQR Capital Management LLC boosted its holdings in shares of Ralph Lauren by 55.7% during the 1st quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after purchasing an additional 414,275 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Ralph Lauren by 22.3% during the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after purchasing an additional 275,391 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Ralph Lauren by 118.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 388,138 shares of the textile maker’s stock valued at $106,458,000 after purchasing an additional 210,343 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of Ralph Lauren by 509.5% during the 1st quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock valued at $34,891,000 after purchasing an additional 132,128 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of Ralph Lauren by 8,741.2% during the 1st quarter. Jump Financial LLC now owns 123,600 shares of the textile maker’s stock valued at $27,283,000 after purchasing an additional 122,202 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $314.63 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $341.90. The firm has a market capitalization of $19.06 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The company’s 50-day moving average is $316.60 and its 200 day moving average is $287.95.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company posted $2.70 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts forecast that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s dividend payout ratio is 29.15%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research raised shares of Ralph Lauren to a “strong-buy” rating in a report on Tuesday, August 12th. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Jefferies Financial Group upped their target price on shares of Ralph Lauren from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, Barclays decreased their target price on shares of Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $338.47.

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.