Public Employees Retirement System of Ohio lifted its stake in Ralph Lauren Corp (NYSE:RL) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,263 shares of the textile maker’s stock after purchasing an additional 763 shares during the quarter. Public Employees Retirement System of Ohio owned 0.08% of Ralph Lauren worth $5,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its position in Ralph Lauren by 598.1% in the 2nd quarter. KBC Group NV now owns 58,328 shares of the textile maker’s stock worth $6,626,000 after purchasing an additional 49,973 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Ralph Lauren by 16.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the textile maker’s stock valued at $498,000 after buying an additional 620 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ralph Lauren by 5.1% in the second quarter. JPMorgan Chase & Co. now owns 1,811,060 shares of the textile maker’s stock worth $204,829,000 after buying an additional 87,683 shares during the last quarter. Psagot Investment House Ltd. acquired a new stake in shares of Ralph Lauren in the second quarter worth about $165,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Ralph Lauren by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,060,353 shares of the textile maker’s stock worth $120,444,000 after acquiring an additional 28,594 shares in the last quarter. 66.49% of the stock is owned by institutional investors and hedge funds.
Shares of Ralph Lauren stock opened at $105.55 on Wednesday. Ralph Lauren Corp has a 1 year low of $82.69 and a 1 year high of $133.63. The company’s fifty day simple moving average is $103.63 and its 200-day simple moving average is $102.52. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70.
RL has been the topic of a number of recent analyst reports. Barclays started coverage on Ralph Lauren in a research note on Tuesday, November 12th. They issued an “overweight” rating and a $130.00 price objective on the stock. Atlantic Securities raised Ralph Lauren from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $135.00 to $138.00 in a research report on Tuesday, September 24th. They noted that the move was a valuation call. Piper Jaffray Companies set a $83.00 price target on Ralph Lauren and gave the company a “hold” rating in a 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, November 19th. Finally, Guggenheim restated a “hold” rating on shares of Ralph Lauren in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $126.31.
In other news, EVP Andrew Howard Smith sold 3,059 shares of Ralph Lauren stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $112.29, for a total transaction of $343,495.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $92.95, for a total value of $6,639,232.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 477,341 shares of company stock worth $47,730,097. Insiders own 34.26% of the company’s stock.
About Ralph Lauren
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.
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