Livforsakringsbolaget Skandia Omsesidigt Buys 5,900 Shares of Ralph Lauren Co. (NYSE:RL)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 103.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,600 shares of the textile maker's stock after buying an additional 5,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Ralph Lauren were worth $2,688,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Huntington National Bank grew its holdings in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after acquiring an additional 103 shares in the last quarter. True Wealth Design LLC grew its stake in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock valued at $53,000 after purchasing an additional 268 shares during the period. AM Squared Ltd bought a new position in Ralph Lauren in the 3rd quarter valued at $58,000. Versant Capital Management Inc increased its position in shares of Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker's stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Ralph Lauren during the 3rd quarter worth $86,000. 67.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RL. BNP Paribas upgraded shares of Ralph Lauren to a "strong-buy" rating in a research report on Thursday, January 23rd. Telsey Advisory Group reissued an "outperform" rating and set a $265.00 target price on shares of Ralph Lauren in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $220.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday. Raymond James lowered Ralph Lauren from an "outperform" rating to a "market perform" rating in a report on Monday, January 27th. Finally, UBS Group boosted their target price on Ralph Lauren from $332.00 to $348.00 and gave the company a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $276.55.

Ralph Lauren Stock Performance

Shares of NYSE:RL traded up $3.51 during midday trading on Tuesday, reaching $272.06. 724,901 shares of the company traded hands, compared to its average volume of 780,563. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The firm's fifty day moving average price is $240.51 and its two-hundred day moving average price is $207.91. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $16.90 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, equities analysts expect that Ralph Lauren Co. will post 11.73 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, December 27th. Ralph Lauren's payout ratio is 30.11%.

About Ralph Lauren

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.