Ralph Lauren Corporation $RL Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. increased its position in shares of Ralph Lauren Corporation (NYSE:RL) by 655.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,054 shares of the textile maker’s stock after acquiring an additional 16,533 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Ralph Lauren were worth $6,738,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in Ralph Lauren by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after acquiring an additional 31 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. boosted its position in 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 acquiring an additional 32 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in Ralph Lauren by 0.4% during the third quarter. Johnson Investment Counsel Inc. now owns 9,311 shares of the textile maker’s stock worth $2,920,000 after acquiring an additional 34 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Ralph Lauren by 23.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 179 shares of the textile maker’s stock worth $63,000 after acquiring an additional 34 shares during the last quarter. Finally, Polymer Capital Management US LLC boosted its position in Ralph Lauren by 1.1% during the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $325.96 on Tuesday. Ralph Lauren Corporation has a 12-month low of $258.13 and a 12-month high of $393.41. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The firm’s fifty day moving average price is $353.28 and its 200 day moving average price is $354.70.

Ralph Lauren Announces Dividend

The business also recently announced 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 payout ratio is presently 24.85%.

Analysts Set New Price Targets

A number of brokerages have weighed in on RL. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Ralph Lauren in a report on Monday. 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. Barclays lifted 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. Jefferies Financial Group decreased 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 lifted their price target on shares of Ralph Lauren from $477.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Sixteen 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $403.44.

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.