Quantbot Technologies LP Has $1.05 Million Holdings in Ralph Lauren Corporation (RL)

Quantbot Technologies LP lowered its stake in shares of Ralph Lauren Corporation (NYSE:RL) by 74.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,944 shares of the textile maker’s stock after selling 34,719 shares during the period. Quantbot Technologies LP’s holdings in Ralph Lauren Corporation were worth $1,054,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RL. Russell Investments Group Ltd. boosted its stake in shares of Ralph Lauren Corporation by 12.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 42,961 shares of the textile maker’s stock worth $3,793,000 after buying an additional 4,925 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ralph Lauren Corporation by 49.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock worth $581,581,000 after buying an additional 2,186,269 shares during the last quarter. Ardevora Asset Management LLP purchased a new position in shares of Ralph Lauren Corporation in the 3rd quarter worth approximately $35,440,000. Teacher Retirement System of Texas purchased a new position in shares of Ralph Lauren Corporation in the 3rd quarter worth approximately $2,064,000. Finally, Toronto Dominion Bank boosted its stake in shares of Ralph Lauren Corporation by 12.4% in the 3rd quarter. Toronto Dominion Bank now owns 20,995 shares of the textile maker’s stock worth $1,853,000 after buying an additional 2,309 shares during the last quarter. Institutional investors and hedge funds own 67.33% of the company’s stock.

A number of equities research analysts recently commented on RL shares. Cowen and Company set a $95.00 price target on shares of Ralph Lauren Corporation and gave the stock a “hold” rating in a report on Thursday, November 16th. TheStreet raised shares of Ralph Lauren Corporation from a “c” rating to a “b-” rating in a report on Monday, November 6th. Barclays PLC lifted their price target on shares of Ralph Lauren Corporation from $84.00 to $87.00 and gave the stock an “underweight” rating in a report on Monday, November 6th. Citigroup Inc. lifted their price target on shares of Ralph Lauren Corporation from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Morgan Stanley lifted their price target on shares of Ralph Lauren Corporation from $83.50 to $91.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $88.66.

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Ralph Lauren Corporation (NYSE RL) traded down $0.05 during midday trading on Tuesday, reaching $89.51. 53,670 shares of the company’s stock traded hands, compared to its average volume of 1,564,798. The company has a current ratio of 2.09, a quick ratio of 1.55 and a debt-to-equity ratio of 0.08. Ralph Lauren Corporation has a twelve month low of $66.06 and a twelve month high of $114.00. The stock has a market capitalization of $7,242.42, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.63.

Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The company’s revenue was down 8.6% on a year-over-year basis. equities analysts expect that Ralph Lauren Corporation will post 5.56 earnings per share for the current year.

In other news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the transaction, the insider now directly owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.93% of the company’s stock.

Ralph Lauren Corporation Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

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Institutional Ownership by Quarter for Ralph Lauren Corporation (NYSE:RL)

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