MGO One Seven LLC Purchases Shares of 4,826 Ralph Lauren Co. (NYSE:RL)

MGO One Seven LLC acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,826 shares of the textile maker’s stock, valued at approximately $1,115,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in Ralph Lauren by 16.9% during the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock worth $326,946,000 after buying an additional 205,121 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Ralph Lauren by 30.6% during the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock worth $285,841,000 after acquiring an additional 289,924 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Ralph Lauren by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker’s stock worth $249,361,000 after acquiring an additional 82,819 shares during the last quarter. Boston Partners raised its stake in Ralph Lauren by 7.1% in the 4th quarter. Boston Partners now owns 982,927 shares of the textile maker’s stock valued at $227,085,000 after acquiring an additional 65,303 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Ralph Lauren by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker’s stock valued at $223,513,000 after purchasing an additional 19,264 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RL. Guggenheim increased their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group set a $262.00 price target on shares of Ralph Lauren in a research note on Tuesday. Citigroup cut their price objective on shares of Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. TD Cowen increased their target price on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Needham & Company LLC began coverage on Ralph Lauren in a research note on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target for the company. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $275.71.

Ralph Lauren Stock Performance

Shares of NYSE:RL opened at $220.01 on Friday. The company’s 50 day simple moving average is $226.61 and its 200 day simple moving average is $228.30. 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 Co. has a 1 year low of $155.96 and a 1 year high of $289.33. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, topping 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%. As a group, research analysts predict that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, March 28th. Ralph Lauren’s dividend payout ratio (DPR) is presently 30.11%.

About Ralph Lauren

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.