Swedbank AB Has $44.20 Million Stock Position in Ralph Lauren Corporation $RL

Swedbank AB reduced its position in shares of Ralph Lauren Corporation (NYSE:RLFree Report) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,000 shares of the textile maker’s stock after selling 50,000 shares during the quarter. Swedbank AB’s holdings in Ralph Lauren were worth $44,201,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RL. Invesco Ltd. raised its stake in shares of Ralph Lauren by 9.8% in the third quarter. Invesco Ltd. now owns 1,048,755 shares of the textile maker’s stock worth $328,848,000 after purchasing an additional 93,753 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Ralph Lauren by 8,937.8% in the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Ralph Lauren by 11.7% in the third quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after purchasing an additional 98,511 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ralph Lauren by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 756,203 shares of the textile maker’s stock worth $207,417,000 after purchasing an additional 36,328 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Ralph Lauren by 2.1% in the third quarter. Boston Partners now owns 715,733 shares of the textile maker’s stock worth $224,455,000 after purchasing an additional 14,953 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren News Summary

Here are the key news stories impacting Ralph Lauren this week:

Ralph Lauren Price Performance

Ralph Lauren stock opened at $377.89 on Monday. Ralph Lauren Corporation has a one year low of $258.13 and a one year high of $393.41. The business has a fifty day moving average price of $354.00 and a 200-day moving average price of $355.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The firm has a market capitalization of $22.88 billion, a P/E ratio of 25.01, a PEG ratio of 1.28 and a beta of 1.37.

Ralph Lauren (NYSE:RLGet Free Report) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.81% and a net margin of 11.60%.The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities research analysts forecast that Ralph Lauren Corporation will post 18.12 EPS for the current year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio is 24.85%.

Analyst Ratings Changes

Several analysts have recently commented on RL shares. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Barclays increased their price objective on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group increased their price objective on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 price objective on shares of Ralph Lauren in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Ralph Lauren in a research note on Thursday. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Ralph Lauren has an average rating of “Moderate Buy” and an average target price of $428.29.

Check Out Our Latest Analysis on RL

Ralph Lauren Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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