PNC Financial Services Group Inc. Acquires 159 Shares of Ralph Lauren Co. (NYSE:RL)

PNC Financial Services Group Inc. increased its position in shares of Ralph Lauren Co. (NYSE:RL) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,999 shares of the textile maker’s stock after buying an additional 159 shares during the period. PNC Financial Services Group Inc.’s holdings in Ralph Lauren were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Huntington National Bank boosted its position in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after acquiring an additional 149 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after buying an additional 268 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Ralph Lauren by 333.3% during the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Ralph Lauren during the third quarter worth $86,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RL has been the topic of several recent analyst reports. UBS Group lifted their price target on Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group increased their price objective on Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Guggenheim upped their price objective on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James lowered Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Finally, Cowen restated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Price Performance

RL stock opened at $220.03 on Tuesday. The firm has a 50-day moving average of $253.47 and a 200 day moving average of $223.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market cap of $13.59 billion, a P/E ratio of 20.08, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 1 year low of $155.96 and a 1 year high of $289.33.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts forecast that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio is presently 30.11%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.