North Dakota State Investment Board Makes New $1.11 Million Investment in Ralph Lauren Corporation $RL

North Dakota State Investment Board purchased a new stake in Ralph Lauren Corporation (NYSE:RL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,137 shares of the textile maker’s stock, valued at approximately $1,109,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its holdings in shares of Ralph Lauren by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock valued at $1,565,000 after purchasing an additional 31 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of Ralph Lauren by 0.3% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,762 shares of the textile maker’s stock valued at $3,688,000 after purchasing an additional 32 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Ralph Lauren by 0.4% in the third quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock valued at $2,920,000 after purchasing an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ralph Lauren by 23.4% in the fourth 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 lifted its holdings in shares of Ralph Lauren by 1.1% in the third 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 in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RL shares. BTIG Research upped their price target on shares of Ralph Lauren from $435.00 to $450.00 and gave the company a “buy” rating in a report on Friday, May 8th. Barclays upped their price target on shares of Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings downgraded shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Evercore set a $420.00 price objective on shares of Ralph Lauren and gave the company an “outperform” rating in a research note on Friday, February 6th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $403.44.

Ralph Lauren Stock Performance

Shares of RL stock opened at $330.71 on Thursday. Ralph Lauren Corporation has a one year low of $258.13 and a one year high of $393.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The company has a 50 day moving average price of $352.65 and a 200 day moving average price of $354.72. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a $0.9125 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio is presently 24.85%.

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.