Interval Partners LP raised its stake in Ralph Lauren Corporation (NYSE:RL – Free Report) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,279 shares of the textile maker’s stock after buying an additional 9,215 shares during the period. Interval Partners LP owned about 0.12% of Ralph Lauren worth $25,559,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Blueline Advisors LLC bought a new position in shares of Ralph Lauren in the 4th quarter worth $27,000. JPL Wealth Management LLC bought a new position in shares of Ralph Lauren during the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in Ralph Lauren during the 2nd quarter valued at $28,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren during the 4th quarter valued at $29,000. Finally, Rothschild Investment LLC boosted its position in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares during the period. Institutional investors own 67.91% of the company’s stock.
Ralph Lauren Stock Performance
Shares of Ralph Lauren stock opened at $404.16 on Thursday. Ralph Lauren Corporation has a 1 year low of $259.30 and a 1 year high of $421.60. The firm’s 50-day moving average is $368.48 and its 200 day moving average is $361.27. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.
Ralph Lauren Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s dividend payout ratio is presently 24.16%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their price target for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Bank of America lifted their price target on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $428.29.
Check Out Our Latest Stock Analysis on Ralph Lauren
Ralph Lauren 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.
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