Vision Financial Markets LLC Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Vision Financial Markets LLC bought a new position in shares of Ralph Lauren Co. (NYSE:RL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,100 shares of the textile maker’s stock, valued at approximately $716,000. Ralph Lauren accounts for about 0.8% of Vision Financial Markets LLC’s holdings, making the stock its 26th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Ralph Lauren by 4.1% in the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 47 shares during the period. M&T Bank Corp boosted its stake in shares of Ralph Lauren by 3.4% in the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 55 shares during the period. Simmons Bank boosted its stake in shares of Ralph Lauren by 2.3% in the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after purchasing an additional 62 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Ralph Lauren by 6.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 62 shares during the period. Finally, Commerce Bank boosted its stake in shares of Ralph Lauren by 1.2% in the third quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $249.79 on Thursday. The firm’s fifty day simple moving average is $254.55 and its 200-day simple moving average is $219.57. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.73 and a beta of 1.49. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month 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.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.32%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Analysts Set New Price Targets

Several research analysts have recently commented on RL shares. The Goldman Sachs Group raised their price objective on shares of Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $284.15.

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.