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

Swedbank AB cut its holdings in Ralph Lauren Co. (NYSE:RL - Free Report) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 375,694 shares of the textile maker's stock after selling 9,306 shares during the quarter. Swedbank AB owned about 0.61% of Ralph Lauren worth $72,836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in Ralph Lauren in the second quarter worth $30,000. Gladius Capital Management LP acquired a new stake in Ralph Lauren in the second quarter worth $31,000. Versant Capital Management Inc raised its holdings in Ralph Lauren by 1,775.0% in the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker's stock worth $39,000 after purchasing an additional 213 shares during the period. Huntington National Bank raised its holdings in Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock worth $43,000 after purchasing an additional 103 shares during the period. Finally, AM Squared Ltd acquired a new stake in Ralph Lauren in the third quarter worth $58,000. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RL shares. Barclays increased their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Telsey Advisory Group restated an "outperform" rating and set a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. TD Cowen raised their price objective on shares of Ralph Lauren from $208.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Finally, Guggenheim raised their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $223.90.

Ralph Lauren Stock Up 3.8 %

RL stock traded up $8.02 during midday trading on Monday, hitting $220.17. The company's stock had a trading volume of 1,060,039 shares, compared to its average volume of 859,431. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. Ralph Lauren Co. has a twelve month low of $123.22 and a twelve month high of $237.16. The company's fifty day moving average price is $200.69 and its 200 day moving average price is $182.81. The stock has a market capitalization of $13.67 billion, a P/E ratio of 20.99, a PEG ratio of 1.63 and a beta of 1.49.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating 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 company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm posted $2.10 EPS. The company's quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren's dividend payout ratio (DPR) is presently 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.