Livforsakringsbolaget Skandia Omsesidigt Acquires New Holdings in Ralph Lauren Corporation $RL

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Ralph Lauren Corporation (NYSE:RL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,200 shares of the textile maker’s stock, valued at approximately $4,904,000.

Several other large investors have also recently bought and sold shares of RL. Truist Financial Corp grew its stake in shares of Ralph Lauren by 8.1% during the fourth quarter. Truist Financial Corp now owns 371,086 shares of the textile maker’s stock valued at $131,220,000 after buying an additional 27,848 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Ralph Lauren in the 4th quarter valued at about $1,815,000. Engineers Gate Manager LP boosted its holdings in Ralph Lauren by 1,002.1% during the 4th quarter. Engineers Gate Manager LP now owns 157,122 shares of the textile maker’s stock valued at $55,560,000 after acquiring an additional 142,865 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Ralph Lauren during the 4th quarter valued at about $3,110,000. Finally, SG Americas Securities LLC grew its position in Ralph Lauren by 6.5% during the 1st quarter. SG Americas Securities LLC now owns 155,399 shares of the textile maker’s stock worth $53,456,000 after acquiring an additional 9,435 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE:RL opened at $353.55 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $385.39 and its 200 day simple moving average is $370.52. The stock has a market cap of $21.06 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35. Ralph Lauren Corporation has a twelve month low of $292.90 and a twelve month high of $421.60.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $3.77 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts predict that Ralph Lauren Corporation will post 18.79 EPS for the current year.

Analyst Ratings Changes

RL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $446.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. UBS Group upped their price objective on shares of Ralph Lauren from $511.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Barclays raised their target price on Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $445.67.

Ralph Lauren Company 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.