Swedbank AB Cuts Holdings in Ralph Lauren Co. (NYSE:RL)

Swedbank AB lowered its holdings in Ralph Lauren Co. (NYSE:RL) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,694 shares of the textile maker’s stock after selling 9,306 shares during the quarter. Swedbank AB owned 0.61% of Ralph Lauren worth $72,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC raised its position in Ralph Lauren by 70.3% in the 3rd quarter. Cerity Partners LLC now owns 12,436 shares of the textile maker’s stock worth $2,411,000 after buying an additional 5,133 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock worth $95,537,000 after acquiring an additional 13,640 shares during the period. L & S Advisors Inc purchased a new position in shares of Ralph Lauren during the third quarter valued at approximately $7,346,000. Pacer Advisors Inc. lifted its position in Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after purchasing an additional 137,631 shares during the period. Finally, Trustmark National Bank Trust Department boosted its holdings in Ralph Lauren by 8.6% in the third quarter. Trustmark National Bank Trust Department now owns 14,397 shares of the textile maker’s stock worth $2,791,000 after purchasing an additional 1,142 shares during the last quarter. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Price Performance

NYSE RL opened at $212.15 on Monday. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.63 and a beta of 1.49. Ralph Lauren Co. has a 12 month low of $122.88 and a 12 month high of $237.16. The company’s 50 day moving average is $199.91 and its two-hundred day moving average is $182.44. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

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

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.46%.

Analyst Ratings Changes

RL has been the subject of a number of research reports. UBS Group boosted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday, October 17th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, TD Cowen boosted their target price 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $223.90.

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.