Livforsakringsbolaget Skandia Omsesidigt Invests $4.90 Million in Ralph Lauren Corporation $RL

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Ralph Lauren Corporation (NYSE:RL) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 12,200 shares of the textile maker’s stock, valued at approximately $4,904,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Summit Global Investments grew its stake in shares of Ralph Lauren by 2.0% during the first quarter. Summit Global Investments now owns 1,510 shares of the textile maker’s stock valued at $519,000 after acquiring an additional 29 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Ralph Lauren by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,425 shares of the textile maker’s stock worth $1,565,000 after acquiring an additional 31 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Ralph Lauren by 14.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 251 shares of the textile maker’s stock worth $90,000 after acquiring an additional 31 shares in the last quarter. Polymer Capital Management US LLC lifted its stake in shares of Ralph Lauren by 1.1% in the third quarter. Polymer Capital Management US LLC now owns 3,230 shares of the textile maker’s stock worth $1,013,000 after acquiring an additional 34 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in Ralph Lauren by 3.0% in the fourth quarter. Vident Advisory LLC now owns 1,257 shares of the textile maker’s stock valued at $445,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Shares of RL opened at $353.55 on Friday. The firm has a fifty day moving average of $385.39 and a 200-day moving average of $370.52. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. Ralph Lauren Corporation has a 1 year low of $292.90 and a 1 year high of $421.60.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $3.77 EPS. Ralph Lauren’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that Ralph Lauren Corporation will post 18.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RL. Deutsche Bank Aktiengesellschaft set a $446.00 target price on Ralph Lauren in a research report on Friday, August 7th. BTIG Research increased their price objective on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Citigroup upped their target price on shares of Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $425.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $445.67.

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.