Swedbank AB Acquires 25,000 Shares of Ralph Lauren Corporation $RL

Swedbank AB lifted its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 16.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,000 shares of the textile maker’s stock after buying an additional 25,000 shares during the period. Swedbank AB owned about 0.29% of Ralph Lauren worth $54,873,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Optas LLC lifted its holdings in shares of Ralph Lauren by 5.4% in the third quarter. Optas LLC now owns 813 shares of the textile maker’s stock worth $255,000 after acquiring an additional 42 shares during the last quarter. Vontobel Holding Ltd. increased its position in Ralph Lauren by 326.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 15,772 shares of the textile maker’s stock worth $4,945,000 after purchasing an additional 12,072 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Ralph Lauren by 94.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 150 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Ralph Lauren by 5.2% in the third quarter. Exchange Traded Concepts LLC now owns 4,878 shares of the textile maker’s stock valued at $1,530,000 after buying an additional 241 shares in the last quarter. Finally, Northwest Wealth Management LLC acquired a new stake in Ralph Lauren in the third quarter valued at approximately $216,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Trading Down 0.1%

Shares of RL stock opened at $362.25 on Thursday. Ralph Lauren Corporation has a 1-year low of $176.61 and a 1-year high of $380.00. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.77 and a beta of 1.52. The stock has a 50-day moving average of $344.77 and a 200-day moving average of $312.72.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating the consensus estimate of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the business posted $2.54 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. On average, equities research analysts forecast that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research note on Wednesday, December 17th. JPMorgan Chase & Co. increased their target price on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Jefferies Financial Group lifted their price target on Ralph Lauren from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Guggenheim started coverage on Ralph Lauren in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $357.44.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.