Skandinaviska Enskilda Banken AB publ Sells 3,053 Shares of Ralph Lauren Corporation $RL

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 83.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 623 shares of the textile maker’s stock after selling 3,053 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Ralph Lauren were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Orion Porfolio Solutions LLC lifted its stake in shares of Ralph Lauren by 8,937.8% during the 2nd 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. Rakuten Investment Management Inc. purchased a new stake in shares of Ralph Lauren during the third quarter valued at about $86,719,000. Qube Research & Technologies Ltd boosted its holdings in shares of Ralph Lauren by 26.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 843,321 shares of the textile maker’s stock valued at $231,306,000 after buying an additional 174,847 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Ralph Lauren by 116.6% in the 2nd quarter. Fisher Asset Management LLC now owns 267,742 shares of the textile maker’s stock worth $73,436,000 after buying an additional 144,155 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Ralph Lauren by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after buying an additional 117,494 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 38.34% of the stock is owned by corporate insiders.

Ralph Lauren Stock Performance

Shares of RL opened at $385.06 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The stock has a 50-day moving average of $362.12 and a two-hundred day moving average of $336.12. The stock has a market cap of $23.31 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.50 and a beta of 1.49. Ralph Lauren Corporation has a one year low of $176.61 and a one year high of $389.15.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.42. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $4.82 earnings per share. As a group, research analysts predict that Ralph Lauren Corporation will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is 24.85%.

Analysts Set New Price Targets

RL has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Wells Fargo & Company raised their price objective on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. BTIG Research boosted their target price on Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Barclays set a $416.00 target price on Ralph Lauren and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $388.19.

Ralph Lauren Profile

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.