Ralph Lauren Co. (NYSE:RL) Stock Holdings Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,286 shares of the textile maker's stock after buying an additional 1,495 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Ralph Lauren were worth $2,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RL. Principal Financial Group Inc. boosted its holdings in Ralph Lauren by 1.1% in the third quarter. Principal Financial Group Inc. now owns 64,999 shares of the textile maker's stock valued at $12,601,000 after purchasing an additional 694 shares during the last quarter. Atria Investments Inc boosted its holdings in Ralph Lauren by 55.8% in the third quarter. Atria Investments Inc now owns 1,922 shares of the textile maker's stock valued at $373,000 after purchasing an additional 688 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in Ralph Lauren in the third quarter valued at about $284,000. Huntington National Bank boosted its holdings in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Ralph Lauren by 9.9% in the third quarter. CIBC Asset Management Inc now owns 5,563 shares of the textile maker's stock valued at $1,078,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

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Ralph Lauren Stock Performance

RL traded up $0.67 during trading hours on Thursday, hitting $225.24. The company's stock had a trading volume of 910,024 shares, compared to its average volume of 780,264. 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 current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.91 billion, a PE ratio of 20.55, a PEG ratio of 1.73 and a beta of 1.50. The company has a 50-day simple moving average of $252.63 and a 200 day simple moving average of $223.51.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) 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, sell-side analysts expect that Ralph Lauren Co. will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, March 28th. Ralph Lauren's payout ratio is currently 30.11%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RL. UBS Group upped their price objective on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Guggenheim upped their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Needham & Company LLC began coverage on Ralph Lauren in a research note on Wednesday, February 12th. They set a "buy" rating and a $310.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on Ralph Lauren from $225.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.62.

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.