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

Deutsche Bank AG raised its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,973 shares of the textile maker's stock after purchasing an additional 45,249 shares during the period. Deutsche Bank AG owned 0.32% of Ralph Lauren worth $45,266,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Burney Co. purchased a new position in Ralph Lauren in the fourth quarter valued at approximately $5,711,000. Citizens Financial Group Inc. RI purchased a new position in Ralph Lauren in the fourth quarter valued at approximately $3,014,000. Amundi grew its position in shares of Ralph Lauren by 8.3% during the fourth quarter. Amundi now owns 195,208 shares of the textile maker's stock worth $47,444,000 after acquiring an additional 14,889 shares during the last quarter. Keystone Investors PTE Ltd. purchased a new position in shares of Ralph Lauren during the fourth quarter worth approximately $2,264,000. Finally, OFI Invest Asset Management purchased a new position in shares of Ralph Lauren during the fourth quarter worth approximately $6,872,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Ralph Lauren stock traded up $5.55 during midday trading on Friday, reaching $274.65. The company's stock had a trading volume of 695,518 shares, compared to its average volume of 840,579. Ralph Lauren Co. has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76. The stock's 50 day simple moving average is $222.67 and its 200 day simple moving average is $232.95. The firm has a market capitalization of $16.96 billion, a PE ratio of 25.06, a P/E/G ratio of 1.73 and a beta of 1.44.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, March 28th. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Wednesday. Jefferies Financial Group raised their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. TD Cowen raised their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Needham & Company LLC restated a "buy" rating and set a $310.00 target price on shares of Ralph Lauren in a research report on Friday. Finally, Raymond James lowered shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $277.29.

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.