AMP Capital Investors Ltd grew its position in Ralph Lauren Corp (NYSE:RL) by 26.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,344 shares of the textile maker’s stock after buying an additional 8,793 shares during the period. AMP Capital Investors Ltd owned 0.05% of Ralph Lauren worth $4,391,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of Ralph Lauren by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,790,800 shares of the textile maker’s stock valued at $185,688,000 after buying an additional 893,796 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Ralph Lauren by 35.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock worth $136,894,000 after purchasing an additional 408,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Ralph Lauren by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,436,343 shares of the textile maker’s stock worth $127,633,000 after purchasing an additional 12,554 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Ralph Lauren by 973.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after purchasing an additional 1,279,221 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Ralph Lauren by 149.3% in the 4th quarter. American Century Companies Inc. now owns 933,827 shares of the textile maker’s stock worth $96,829,000 after purchasing an additional 559,273 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.
Ralph Lauren Corp (NYSE:RL) opened at $108.32 on Tuesday. Ralph Lauren Corp has a 1 year low of $66.06 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.07. The stock has a market cap of $8,872.69, a P/E ratio of -107.25, a price-to-earnings-growth ratio of 1.80 and a beta of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, March 28th. Ralph Lauren’s dividend payout ratio is presently -198.02%.
A number of research firms recently commented on RL. Credit Suisse Group began coverage on shares of Ralph Lauren in a research note on Monday, March 12th. They issued an “outperform” rating and a $125.00 target price for the company. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research note on Tuesday, February 13th. Bank of America lifted their target price on shares of Ralph Lauren from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $113.00 target price on shares of Ralph Lauren in a research note on Friday, February 2nd. Finally, Nomura lifted their target price on shares of Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $98.88.
About Ralph Lauren
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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