Comerica Bank Grows Stock Holdings in Ralph Lauren Co. (NYSE:RL)

Comerica Bank lifted its stake in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,469 shares of the textile maker's stock after purchasing an additional 1,578 shares during the quarter. Comerica Bank's holdings in Ralph Lauren were worth $1,725,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Ralph Lauren by 30.6% during the fourth quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker's stock valued at $285,841,000 after buying an additional 289,924 shares during the period. FMR LLC boosted its holdings in Ralph Lauren by 16.9% in the fourth quarter. FMR LLC now owns 1,415,473 shares of the textile maker's stock worth $326,946,000 after purchasing an additional 205,121 shares during the last quarter. Schroder Investment Management Group boosted its position in Ralph Lauren by 671.0% in the fourth quarter. Schroder Investment Management Group now owns 136,239 shares of the textile maker's stock worth $31,637,000 after purchasing an additional 118,569 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Ralph Lauren by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,079,578 shares of the textile maker's stock valued at $249,361,000 after purchasing an additional 82,819 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Ralph Lauren during the 4th quarter valued at $16,848,000. Hedge funds and other institutional investors own 67.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on RL shares. UBS Group boosted their price target on shares of Ralph Lauren from $300.00 to $335.00 and gave the stock a "buy" rating in a research note on Tuesday. Needham & Company LLC assumed coverage on Ralph Lauren in a research note on Wednesday, February 12th. They set a "buy" rating and a $310.00 price target for the company. The Goldman Sachs Group set a $262.00 price objective on Ralph Lauren in a research note on Tuesday, April 22nd. Barclays set a $260.00 target price on shares of Ralph Lauren and gave the company an "overweight" rating in a report on Monday, April 28th. Finally, Jefferies Financial Group upped their price objective on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ralph Lauren currently has an average rating of "Moderate Buy" and an average price target of $271.21.

Ralph Lauren Stock Performance

RL traded up $5.23 during trading on Tuesday, hitting $269.74. 713,120 shares of the stock were exchanged, compared to its average volume of 840,822. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. Ralph Lauren Co. has a 1-year low of $155.96 and a 1-year high of $289.33. The stock has a fifty day moving average price of $219.88 and a two-hundred day moving average price of $231.75. The firm 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 declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) 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.