65,421 Shares in Ralph Lauren Corporation $RL Acquired by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension acquired a new stake in Ralph Lauren Corporation (NYSE:RL) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 65,421 shares of the textile maker’s stock, valued at approximately $23,134,000.

Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in Ralph Lauren by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after buying an additional 31 shares during the period. Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of Ralph Lauren by 0.3% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock worth $3,688,000 after buying an additional 32 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Ralph Lauren by 0.4% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock worth $2,920,000 after purchasing an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Ralph Lauren by 23.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 34 shares in the last quarter. Finally, Polymer Capital Management US LLC boosted its stake in Ralph Lauren by 1.1% during the 3rd quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock valued at $1,013,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Down 2.3%

Shares of RL stock opened at $326.44 on Friday. The company has a 50-day moving average of $353.82 and a two-hundred day moving average of $354.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a 1-year low of $258.13 and a 1-year high of $393.41. The firm has a market cap of $19.76 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.17 and a beta of 1.37.

Ralph Lauren Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RL shares. Weiss Ratings downgraded Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, April 29th. BTIG Research raised their target price 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. Evercore set a $420.00 price target on shares of Ralph Lauren and gave the company an “outperform” rating in a report on Friday, February 6th. Jefferies Financial Group reduced their price target on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, UBS Group boosted their price objective on shares of Ralph Lauren from $477.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average target price of $400.31.

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.