Mach 1 Financial Group LLC Invests $1.08 Million in Ralph Lauren Corporation $RL

Mach 1 Financial Group LLC acquired a new position in shares of Ralph Lauren Corporation (NYSE:RL) during the 4th quarter, Holdings Channel reports. The firm acquired 3,061 shares of the textile maker’s stock, valued at approximately $1,082,000.

Several other institutional investors also recently modified their holdings of RL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ralph Lauren by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after purchasing an additional 174 shares during the last quarter. Empowered Funds LLC grew its stake in Ralph Lauren by 0.9% in the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after buying an additional 114 shares during the last quarter. Woodline Partners LP grew its stake in Ralph Lauren by 39.5% in the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock valued at $744,000 after buying an additional 954 shares during the last quarter. Focus Partners Wealth grew its stake in Ralph Lauren by 29.5% in the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock valued at $841,000 after buying an additional 869 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Ralph Lauren in the 2nd quarter valued at about $386,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $330.71 on Thursday. The company has a 50 day moving average of $352.65 and a 200-day moving average of $354.72. Ralph Lauren Corporation has a 1-year low of $258.13 and a 1-year high of $393.41. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The company has a market cap of $20.02 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.

Ralph Lauren Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on RL. Zacks Research lowered shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Barclays upped their price target 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. Weiss Ratings lowered shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Evercore set a $420.00 price target on shares of Ralph Lauren and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, BTIG Research upped their price target 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. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.44.

Ralph Lauren Company Profile

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.