Tyers Asset Management LLC lowered its holdings in Ralph Lauren Corp (NYSE:RL) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,096 shares of the textile maker’s stock after selling 576 shares during the period. Tyers Asset Management LLC’s holdings in Ralph Lauren were worth $465,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Ralph Lauren by 3,333.3% in the first quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. CWM LLC increased its position in shares of Ralph Lauren by 589.2% in the second quarter. CWM LLC now owns 255 shares of the textile maker’s stock worth $29,000 after acquiring an additional 218 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Ralph Lauren by 9.3% in the first quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock worth $168,000 after acquiring an additional 110 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Ralph Lauren in the first quarter worth $177,000. Finally, Psagot Investment House Ltd. acquired a new stake in shares of Ralph Lauren in the second quarter worth $165,000. 65.70% of the stock is owned by institutional investors.
NYSE RL traded up $2.94 during trading hours on Friday, reaching $103.52. 67,795 shares of the company traded hands, compared to its average volume of 1,335,144. Ralph Lauren Corp has a 12 month low of $82.69 and a 12 month high of $139.56. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $7.77 billion, a PE ratio of 14.35, a PEG ratio of 1.78 and a beta of 0.88. The company has a 50 day moving average of $94.02 and a two-hundred day moving average of $113.13.
In other news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $110.01, for a total value of $7,857,794.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 321,426 shares of company stock worth $34,154,727 over the last quarter. 34.26% of the stock is currently owned by insiders.
Several research firms have recently issued reports on RL. Bank of America dropped their price objective on shares of Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating for the company in a research report on Monday, August 26th. Piper Jaffray Companies set a $83.00 price objective on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Friday, August 16th. ValuEngine lowered shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered shares of Ralph Lauren from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 30th. Finally, Goldman Sachs Group reissued a “sell” rating on shares of Ralph Lauren in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.56.
Ralph Lauren Company Profile
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
Further Reading: Outperform Rating
Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corp (NYSE:RL).
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.