Bessemer Group Inc. Has $2.17 Million Stake in Ralph Lauren Co. (NYSE:RL)

Bessemer Group Inc. grew its stake in Ralph Lauren Co. (NYSE:RL) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,413 shares of the textile maker’s stock after buying an additional 225 shares during the period. Bessemer Group Inc.’s holdings in Ralph Lauren were worth $2,174,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RL. Raymond James Financial Inc. acquired a new stake in Ralph Lauren in the 4th quarter worth approximately $16,848,000. Advisory Services Network LLC bought a new stake in shares of Ralph Lauren during the 4th quarter worth $1,054,000. Abacus FCF Advisors LLC acquired a new position in Ralph Lauren in the 4th quarter valued at $933,000. Bank of Nova Scotia bought a new position in Ralph Lauren in the 4th quarter worth $10,417,000. Finally, Krane Funds Advisors LLC acquired a new position in Ralph Lauren during the 4th quarter worth $216,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 1.7 %

Shares of RL opened at $197.89 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a market cap of $12.22 billion, a PE ratio of 18.06, a PEG ratio of 1.73 and a beta of 1.38. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The stock has a 50 day simple moving average of $239.60 and a 200-day simple moving average of $227.77.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.67%. Ralph Lauren’s dividend payout ratio is 30.11%.

Analyst Ratings Changes

A number of equities analysts have recently commented on RL shares. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Needham & Company LLC started coverage on Ralph Lauren in a research report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target on the stock. Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Tuesday, December 31st. Wells Fargo & Company raised shares of Ralph Lauren from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price target for the company from $280.00 to $286.00 in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $277.43.

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.