Mach 1 Financial Group LLC Takes Position in Ralph Lauren Corporation $RL

Mach 1 Financial Group LLC purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,061 shares of the textile maker’s stock, valued at approximately $1,082,000.

Other hedge funds have also modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of Ralph Lauren during the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new position in Ralph Lauren in the second quarter valued at approximately $28,000. Aventura Private Wealth LLC bought a new position in Ralph Lauren in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC boosted its stake in Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 38 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Ralph Lauren in the second quarter valued at approximately $32,000. 67.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

RL has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a research note on Monday. Citigroup upgraded Ralph Lauren from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $400.00 in a research report on Tuesday, March 24th. UBS Group lifted their price target on shares of Ralph Lauren from $477.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Telsey Advisory Group reissued an “outperform” rating and set a $435.00 price target on shares of Ralph Lauren in a research report on Thursday, February 5th. Finally, 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 research report on Friday, February 6th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $403.44.

Ralph Lauren Trading Up 3.1%

Shares of NYSE:RL opened at $330.71 on Thursday. The company’s 50-day moving average price is $352.65 and its two-hundred day moving average price is $354.72. 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 one year low of $258.13 and a one year high of $393.41. The stock has a market capitalization of $20.02 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a dividend of $0.9125 per share. 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 payout ratio is 24.85%.

About Ralph Lauren

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.