Exane Asset Management bought a new position in Ralph Lauren Corp (NYSE:RL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,104 shares of the textile maker’s stock, valued at approximately $218,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Schroder Investment Management Group increased its holdings in shares of Ralph Lauren by 95.4% in the 2nd quarter. Schroder Investment Management Group now owns 149,191 shares of the textile maker’s stock worth $18,938,000 after buying an additional 72,837 shares during the last quarter. First Midwest Bank Trust Division boosted its position in Ralph Lauren by 16.2% during the 3rd quarter. First Midwest Bank Trust Division now owns 7,102 shares of the textile maker’s stock valued at $977,000 after buying an additional 992 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Ralph Lauren during the 4th quarter valued at $228,000. Unigestion Holding SA boosted its position in Ralph Lauren by 36.5% during the 3rd quarter. Unigestion Holding SA now owns 62,136 shares of the textile maker’s stock valued at $8,547,000 after buying an additional 16,621 shares during the period. Finally, Scout Investments Inc. boosted its position in Ralph Lauren by 8.8% during the 4th quarter. Scout Investments Inc. now owns 134,824 shares of the textile maker’s stock valued at $13,949,000 after buying an additional 10,925 shares during the period. Institutional investors and hedge funds own 69.42% of the company’s stock.
Shares of RL opened at $125.03 on Monday. Ralph Lauren Corp has a fifty-two week low of $95.63 and a fifty-two week high of $147.79. The firm has a market capitalization of $10.06 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.67. The company has a current ratio of 2.90, a quick ratio of 2.17 and a debt-to-equity ratio of 0.20.
RL has been the subject of a number of recent research reports. UBS Group raised shares of Ralph Lauren from a “sell” rating to a “neutral” rating in a research report on Monday, January 7th. JPMorgan Chase & Co. raised shares of Ralph Lauren from a “neutral” rating to an “overweight” rating and set a $150.00 price target for the company in a research report on Monday, October 15th. Buckingham Research lifted their price target on shares of Ralph Lauren from $138.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, October 17th. Needham & Company LLC raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Thursday, January 10th. Finally, Wells Fargo & Co lowered their price target on shares of Ralph Lauren from $130.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $135.06.
Ralph Lauren Company Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.
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