McKinley Carter Wealth Services Inc. Boosts Stock Holdings in Ralph Lauren Corporation $RL

McKinley Carter Wealth Services Inc. lifted its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 655.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,054 shares of the textile maker’s stock after acquiring an additional 16,533 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Ralph Lauren were worth $6,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of RL. JPL Wealth Management LLC acquired a new position in shares of Ralph Lauren during the third quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Ralph Lauren during the second quarter worth $28,000. Aventura Private Wealth LLC acquired a new position in shares of Ralph Lauren during the fourth quarter worth $29,000. Rothschild Investment LLC grew its stake in shares of Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Ralph Lauren during the second quarter worth $32,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of RL opened at $325.96 on Tuesday. Ralph Lauren Corporation has a fifty-two week low of $258.13 and a fifty-two week high of $393.41. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.15 and a beta of 1.37. The firm has a 50-day simple moving average of $353.28 and a 200-day simple moving average of $354.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, March 27th. Ralph Lauren’s dividend payout ratio is currently 24.85%.

Analysts Set New Price Targets

RL has been the subject of several research analyst reports. BTIG Research upped their price objective on shares of Ralph Lauren from $435.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Telsey Advisory Group restated an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a research note on Thursday, February 5th. Jefferies Financial Group decreased their price objective on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Evercore set a $420.00 price objective on shares of Ralph Lauren and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Barclays upped their price objective on shares of Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Sixteen analysts have rated the stock with 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $403.44.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.