Ralph Lauren Co. (RL) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its stake in Ralph Lauren Co. (NYSE:RL) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,720 shares of the textile maker’s stock after selling 1,110 shares during the period. Tredje AP fonden’s holdings in Ralph Lauren were worth $1,878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of Ralph Lauren by 5.7% in the 4th quarter. Amalgamated Bank now owns 11,505 shares of the textile maker’s stock worth $1,193,000 after purchasing an additional 619 shares during the last quarter. Bank of Hawaii increased its position in shares of Ralph Lauren by 11.2% in the 1st quarter. Bank of Hawaii now owns 7,045 shares of the textile maker’s stock worth $788,000 after purchasing an additional 710 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Ralph Lauren by 11.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,718 shares of the textile maker’s stock worth $697,000 after purchasing an additional 712 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Ralph Lauren in the 1st quarter worth about $112,000. Finally, Rhumbline Advisers increased its position in shares of Ralph Lauren by 1.1% in the 4th quarter. Rhumbline Advisers now owns 94,497 shares of the textile maker’s stock worth $9,798,000 after purchasing an additional 1,034 shares during the last quarter. 69.61% of the stock is owned by institutional investors.

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A number of equities research analysts recently weighed in on RL shares. Zacks Investment Research raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Tuesday, February 13th. ValuEngine downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Cowen raised shares of Ralph Lauren from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $119.33 to $66.06 in a research report on Thursday, March 22nd. Piper Jaffray Companies set a $109.00 price objective on shares of Ralph Lauren and gave the company a “sell” rating in a research report on Tuesday, January 30th. Finally, Credit Suisse Group started coverage on shares of Ralph Lauren in a research report on Monday, March 12th. They set an “outperform” rating and a $125.00 price objective for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $99.00.

NYSE RL opened at $115.46 on Monday. Ralph Lauren Co. has a 52 week low of $66.06 and a 52 week high of $119.33. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.85 and a beta of 0.63.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.

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

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