Amalgamated Bank lifted its position in Ralph Lauren Corp (NYSE:RL) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,505 shares of the textile maker’s stock after acquiring an additional 619 shares during the period. Amalgamated Bank’s holdings in Ralph Lauren were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of RL. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Ralph Lauren in the third quarter worth approximately $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Ralph Lauren in the third quarter worth approximately $209,000. Cigna Investments Inc. New acquired a new stake in shares of Ralph Lauren in the fourth quarter worth approximately $214,000. First Allied Advisory Services Inc. acquired a new stake in shares of Ralph Lauren in the fourth quarter worth approximately $223,000. Finally, Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of Ralph Lauren in the fourth quarter worth approximately $229,000. 73.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on RL. Credit Suisse Group began coverage on Ralph Lauren in a research note on Monday. They issued an “outperform” rating and a $125.00 price target on the stock. Piper Jaffray Companies set a $109.00 price target on Ralph Lauren and gave the stock a “sell” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Tuesday, February 13th. Nomura lifted their price target on Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, Telsey Advisory Group lifted their price target on Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Ralph Lauren has an average rating of “Hold” and a consensus target price of $98.88.
Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.16. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. equities analysts forecast that Ralph Lauren Corp will post 5.93 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://sportsperspectives.com/2018/03/13/ralph-lauren-corp-rl-shares-bought-by-amalgamated-bank.html.
Ralph Lauren 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.
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.