Swedbank AB Sells 9,306 Shares of Ralph Lauren Co. (NYSE:RL)

Swedbank AB decreased its stake in shares of Ralph Lauren Co. (NYSE:RL) by 2.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 375,694 shares of the textile maker’s stock after selling 9,306 shares during the period. Swedbank AB’s holdings in Ralph Lauren were worth $72,836,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RL. CWM LLC grew its position in shares of Ralph Lauren by 267.3% during the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock worth $1,016,000 after buying an additional 4,224 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Ralph Lauren by 193.9% in the 1st quarter. Tidal Investments LLC now owns 23,021 shares of the textile maker’s stock valued at $4,322,000 after purchasing an additional 15,188 shares in the last quarter. Quest Partners LLC lifted its position in shares of Ralph Lauren by 210.1% in the 3rd quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock worth $1,196,000 after purchasing an additional 4,178 shares during the period. Comerica Bank lifted its position in shares of Ralph Lauren by 166.9% in the 1st quarter. Comerica Bank now owns 20,127 shares of the textile maker’s stock worth $3,779,000 after purchasing an additional 12,585 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in shares of Ralph Lauren during the second quarter valued at approximately $4,141,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday, October 17th. UBS Group upped their price objective on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. TD Cowen increased their price target on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Ralph Lauren presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

Ralph Lauren Stock Performance

RL opened at $212.15 on Monday. The firm’s 50-day moving average price is $199.91 and its 200-day moving average price is $182.44. The company has a market cap of $13.17 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren Co. has a 52-week low of $122.88 and a 52-week high of $237.16.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company posted $2.10 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Ralph Lauren Co. will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.56%. Ralph Lauren’s dividend payout ratio is currently 31.46%.

Ralph Lauren 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.