Ralph Lauren Co. (RL) Position Reduced by Systematic Financial Management LP

Systematic Financial Management LP lowered its position in Ralph Lauren Co. (NYSE:RL) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,871 shares of the textile maker’s stock after selling 27,163 shares during the period. Systematic Financial Management LP’s holdings in Ralph Lauren were worth $21,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Amalgamated Bank lifted its position in Ralph Lauren by 5.7% in the fourth quarter. Amalgamated Bank now owns 11,505 shares of the textile maker’s stock valued at $1,193,000 after purchasing an additional 619 shares during the period. Bank of Hawaii lifted its position in Ralph Lauren by 11.2% in the first quarter. Bank of Hawaii now owns 7,045 shares of the textile maker’s stock valued at $788,000 after purchasing an additional 710 shares during the period. Crossmark Global Holdings Inc. lifted its position in Ralph Lauren by 11.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,718 shares of the textile maker’s stock valued at $697,000 after purchasing an additional 712 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Ralph Lauren in the first quarter valued at about $112,000. Finally, Rhumbline Advisers lifted its position in Ralph Lauren by 1.1% in the fourth quarter. Rhumbline Advisers now owns 94,497 shares of the textile maker’s stock valued at $9,798,000 after purchasing an additional 1,034 shares during the period. Hedge funds and other institutional investors own 69.61% of the company’s stock.

RL stock opened at $115.46 on Monday. Ralph Lauren Co. has a 12-month low of $66.06 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58. The company has a market cap of $9.39 billion, a PE ratio of 20.22, a P/E/G ratio of 1.85 and a beta of 0.63.

A number of equities research analysts recently commented on RL shares. Zacks Investment Research upgraded 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 upgraded shares of Ralph Lauren from a “market perform” rating to an “outperform” rating and reduced 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 initiated coverage on shares of Ralph Lauren in a research report on Monday, March 12th. They issued an “outperform” rating and a $125.00 price objective for the company. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Ralph Lauren presently has a consensus rating of “Hold” and a consensus price target of $99.00.

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.

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

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