Citizens Financial Group Inc RI Boosts Position in Ralph Lauren Corp (NYSE:RL)

Citizens Financial Group Inc RI boosted its holdings in Ralph Lauren Corp (NYSE:RL) by 821.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,170 shares of the textile maker’s stock after buying an additional 1,043 shares during the period. Citizens Financial Group Inc RI’s holdings in Ralph Lauren were worth $79,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of RL. Yacktman Asset Management LP acquired a new stake in Ralph Lauren in the first quarter valued at approximately $49,992,000. Norges Bank acquired a new stake in Ralph Lauren in the fourth quarter valued at approximately $82,297,000. Bank of New York Mellon Corp grew its position in Ralph Lauren by 45.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,925,324 shares of the textile maker’s stock valued at $225,686,000 after acquiring an additional 602,150 shares in the last quarter. FMR LLC grew its position in Ralph Lauren by 118.5% in the fourth quarter. FMR LLC now owns 885,333 shares of the textile maker’s stock valued at $103,778,000 after acquiring an additional 480,146 shares in the last quarter. Finally, Trinity Street Asset Management LLP acquired a new stake in shares of Ralph Lauren during the first quarter worth approximately $25,324,000. 65.66% of the stock is owned by institutional investors.

RL stock opened at $72.84 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.94. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.82 and a beta of 1.28. Ralph Lauren Corp has a 1 year low of $59.82 and a 1 year high of $128.29. The stock’s fifty day moving average is $70.97 and its two-hundred day moving average is $99.05.

A number of analysts have recently weighed in on the stock. Telsey Advisory Group decreased their price target on shares of Ralph Lauren from $92.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday. Bank of America raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $132.00 to $100.00 in a research report on Wednesday, March 18th. UBS Group decreased their price objective on shares of Ralph Lauren from $123.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Guggenheim reaffirmed a “hold” rating on shares of Ralph Lauren in a report on Thursday, February 13th. Finally, Barclays reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Ralph Lauren in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $105.39.

About Ralph Lauren

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.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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