Skandinaviska Enskilda Banken AB publ Purchases 1,143 Shares of Ralph Lauren Co. (NYSE:RL)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Ralph Lauren Co. (NYSE:RL - Free Report) by 5,715.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,163 shares of the textile maker's stock after acquiring an additional 1,143 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Ralph Lauren were worth $270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in shares of 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 acquiring an additional 137,631 shares during the period. Geode Capital Management LLC increased its position in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker's stock valued at $183,787,000 after purchasing an additional 30,694 shares during the period. Holocene Advisors LP raised its stake in shares of Ralph Lauren by 10.2% in the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker's stock worth $162,714,000 after buying an additional 78,008 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Ralph Lauren by 13.2% in the third quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker's stock valued at $100,889,000 after buying an additional 60,610 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ralph Lauren by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker's stock valued at $95,537,000 after buying an additional 13,640 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

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Ralph Lauren Stock Down 0.5 %

Shares of RL traded down $1.16 during mid-day trading on Friday, hitting $223.97. 2,324,267 shares of the company's stock were exchanged, compared to its average volume of 783,288. The company has a 50-day simple moving average of $252.02 and a 200 day simple moving average of $223.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market cap of $13.83 billion, a PE ratio of 20.44, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a 52 week low of $155.96 and a 52 week high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, research analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, March 28th. Ralph Lauren's dividend payout ratio is presently 30.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RL shares. Needham & Company LLC started coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They issued a "buy" rating and a $310.00 price target on the stock. The Goldman Sachs Group upgraded shares of Ralph Lauren from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $280.00 to $286.00 in a report on Tuesday. Barclays raised their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on Ralph Lauren from $285.00 to $342.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, BNP Paribas raised Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $284.62.

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.