Citizens Financial Group Inc RI grew its position in shares of Ralph Lauren Corp (NYSE:RL) by 821.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,170 shares of the textile maker’s stock after acquiring an additional 1,043 shares during the period. Citizens Financial Group Inc RI’s holdings in Ralph Lauren were worth $79,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Covington Capital Management acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at about $25,000. Ancora Advisors LLC acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at about $27,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Ralph Lauren during the 4th quarter valued at about $32,000. Synovus Financial Corp lifted its holdings in shares of Ralph Lauren by 2,044.0% during the 1st quarter. Synovus Financial Corp now owns 536 shares of the textile maker’s stock valued at $37,000 after buying an additional 511 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Ralph Lauren by 49.9% during the 1st quarter. Fifth Third Bancorp now owns 673 shares of the textile maker’s stock valued at $45,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.
Several equities research analysts recently weighed in on RL shares. Deutsche Bank reduced their target price on Ralph Lauren from $92.00 to $79.00 and set a “hold” rating for the company in a report on Friday, April 24th. Wells Fargo & Co reduced their target price on Ralph Lauren from $140.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Barclays restated a “buy” rating and issued a $140.00 target price on shares of Ralph Lauren in a report on Wednesday, February 5th. BMO Capital Markets started coverage on Ralph Lauren in a report on Monday, February 3rd. They issued a “market perform” rating and a $115.00 target price for the company. Finally, ValuEngine upgraded Ralph Lauren from a “sell” rating to a “hold” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $105.39.
RL opened at $72.84 on Friday. The stock has a market cap of $5.50 billion, a PE ratio of 9.04, a P/E/G ratio of 0.82 and a beta of 1.28. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. Ralph Lauren Corp has a 1 year low of $59.82 and a 1 year high of $128.29. The stock’s 50 day simple moving average is $70.97 and its 200-day simple moving average is $99.05.
Ralph Lauren Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
Further Reading: Market Indexes
Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corp (NYSE:RL).
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.