Ralph Lauren Co. (NYSE:RL) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of Ralph Lauren Co. (NYSE:RL) by 30.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 195,973 shares of the textile maker’s stock after buying an additional 45,249 shares during the period. Deutsche Bank AG’s holdings in Ralph Lauren were worth $45,266,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in Ralph Lauren by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 64,999 shares of the textile maker’s stock worth $12,601,000 after buying an additional 694 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Ralph Lauren by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,325 shares of the textile maker’s stock worth $1,692,000 after buying an additional 118 shares during the last quarter. Czech National Bank boosted its holdings in Ralph Lauren by 6.9% in the 4th quarter. Czech National Bank now owns 8,721 shares of the textile maker’s stock worth $2,014,000 after buying an additional 561 shares during the last quarter. Wedmont Private Capital acquired a new stake in Ralph Lauren in the 4th quarter worth about $231,000. Finally, FNY Investment Advisers LLC boosted its holdings in Ralph Lauren by 54.7% in the 4th quarter. FNY Investment Advisers LLC now owns 8,600 shares of the textile maker’s stock worth $1,986,000 after buying an additional 3,041 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Up 2.0%

NYSE RL opened at $269.74 on Wednesday. The firm’s 50-day moving average is $219.88 and its two-hundred day moving average is $231.75. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. 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 stock has a market capitalization of $16.66 billion, a P/E ratio of 24.61, a PEG ratio of 1.73 and a beta of 1.44.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 dividend on an annualized basis and a yield of 1.22%. Ralph Lauren’s payout ratio is currently 30.11%.

Wall Street Analysts Forecast Growth

RL has been the subject of a number of recent research reports. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Citigroup reduced their target price on shares of Ralph Lauren from $282.00 to $219.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Guggenheim increased their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Raymond James cut shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $271.21.

Ralph Lauren Company 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.