Swedbank AB Has $35.32 Million Stock Holdings in Ralph Lauren Corporation $RL

Key Points

• Swedbank AB has reduced its holdings in Ralph Lauren Corporation by 46.7%, now owning 160,000 shares valued at approximately $35.32 million.
• Ralph Lauren recently announced a quarterly dividend of $0.9125 per share, with a total annualized dividend of $3.65 and a dividend yield of 1.2%.
• Despite the decrease in Swedbank's shares, institutional investors hold 67.91% of Ralph Lauren's stock, indicating significant institutional confidence.

Swedbank AB cut its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 46.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,000 shares of the textile maker's stock after selling 140,000 shares during the period. Swedbank AB owned 0.27% of Ralph Lauren worth $35,318,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC grew its stake in shares of Ralph Lauren by 4.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker's stock valued at $231,000 after buying an additional 42 shares during the period. Baader Bank Aktiengesellschaft raised its stake in shares of Ralph Lauren by 3.4% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker's stock worth $300,000 after purchasing an additional 45 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock worth $27,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. raised its stake in Ralph Lauren by 17.6% in the 1st quarter. Blue Trust Inc. now owns 415 shares of the textile maker's stock valued at $92,000 after acquiring an additional 62 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Ralph Lauren by 25.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 329 shares of the textile maker's stock valued at $73,000 after acquiring an additional 67 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

NYSE:RL opened at $315.23 on Friday. The firm has a market cap of $19.09 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $321.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The business has a 50 day moving average price of $296.18 and a 200-day moving average price of $262.12.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.50 by $0.27. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 earnings per share. Equities research analysts predict that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the textile maker to repurchase up to 8.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.2%. Ralph Lauren's payout ratio is presently 29.15%.

Wall Street Analyst Weigh In

RL has been the topic of several analyst reports. Cfra Research upgraded Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 11th. Telsey Advisory Group upped their price target on Ralph Lauren from $315.00 to $335.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Zacks Research upgraded Ralph Lauren to a "strong-buy" rating in a research report on Tuesday, August 12th. Barclays reiterated an "overweight" rating and set a $360.00 price target (up from $321.00) on shares of Ralph Lauren in a research report on Friday, August 8th. Finally, UBS Group upped their price target on Ralph Lauren from $385.00 to $404.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $308.76.

Ralph Lauren Company 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.

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