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.
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.
Read More: Convertible Shares
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.