MML Investors Services LLC bought a new position in Ralph Lauren Corp (NYSE:RL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,524 shares of the textile maker’s stock, valued at approximately $262,000.
Several other institutional investors have also modified their holdings of the company. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Ralph Lauren in the fourth quarter worth $15,339,000. AXA boosted its position in Ralph Lauren by 34.2% during the fourth quarter. AXA now owns 483,709 shares of the textile maker’s stock valued at $50,156,000 after purchasing an additional 123,400 shares during the last quarter. Alliancebernstein L.P. boosted its position in Ralph Lauren by 12.1% during the fourth quarter. Alliancebernstein L.P. now owns 154,247 shares of the textile maker’s stock valued at $15,994,000 after purchasing an additional 16,674 shares during the last quarter. Geode Capital Management LLC boosted its position in Ralph Lauren by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 658,142 shares of the textile maker’s stock valued at $68,114,000 after purchasing an additional 54,371 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Ralph Lauren by 5.7% during the fourth quarter. Amalgamated Bank now owns 11,505 shares of the textile maker’s stock valued at $1,193,000 after purchasing an additional 619 shares during the last quarter. 73.64% of the stock is owned by institutional investors and hedge funds.
Ralph Lauren stock opened at $109.47 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58. The company has a market capitalization of $8,974.31, a PE ratio of 18.34, a PEG ratio of 1.82 and a beta of 0.69. Ralph Lauren Corp has a 12 month low of $66.06 and a 12 month high of $119.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.83%. Ralph Lauren’s payout ratio is presently -198.02%.
A number of analysts recently issued reports on RL shares. ValuEngine raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America cut Ralph Lauren from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $100.14 to $80.00 in a research report on Wednesday, December 13th. Zacks Investment Research cut Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Piper Jaffray Companies set a $109.00 price objective on Ralph Lauren and gave the company a “sell” rating in a research report on Tuesday, January 30th. Finally, Telsey Advisory Group lifted their price objective on Ralph Lauren from $109.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Ralph Lauren currently has a consensus rating of “Hold” and a consensus target price of $98.88.
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Ralph Lauren Company Profile
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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