PNC Financial Services Group Inc. Grows Holdings in Ralph Lauren Co. (NYSE:RL)

PNC Financial Services Group Inc. lifted its stake in shares of Ralph Lauren Co. (NYSE:RL) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,999 shares of the textile maker’s stock after purchasing 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 SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RL. Jones Financial Companies Lllp increased its holdings in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 149 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. True Wealth Design LLC grew its position in Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 268 shares during the period. Versant Capital Management Inc raised its holdings in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock valued at $81,000 after buying an additional 270 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at approximately $86,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Down 0.1 %

NYSE RL opened at $220.03 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.59 billion, a PE ratio of 20.08, a P/E/G ratio of 1.73 and a beta of 1.50. The business’s fifty day simple moving average is $253.47 and its 200-day simple moving average is $223.17. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share 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%. As a group, equities analysts anticipate that Ralph Lauren Co. will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RL shares. Cowen reissued a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. TD Cowen boosted their target price on Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $284.15.

Ralph Lauren Profile

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.