Systematic Financial Management LP Raises Position in Ralph Lauren Corp (RL)

Systematic Financial Management LP raised its holdings in Ralph Lauren Corp (NYSE:RL) by 1,224.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 221,034 shares of the textile maker’s stock after acquiring an additional 204,349 shares during the period. Systematic Financial Management LP owned 0.27% of Ralph Lauren worth $22,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RL. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Ralph Lauren during the 3rd quarter valued at $205,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Ralph Lauren during the 3rd quarter valued at $209,000. Cigna Investments Inc. New purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at $214,000. First Allied Advisory Services Inc. purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at $223,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in Ralph Lauren during the 4th quarter worth $259,000. Institutional investors own 69.58% of the company’s stock.

A number of brokerages have commented on RL. TheStreet upgraded shares of Ralph Lauren from a “c” rating to a “b-” rating in a report on Monday, November 6th. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Citigroup upped their target price on shares of Ralph Lauren from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research report on Tuesday, February 13th. Finally, Morgan Stanley upped their target price on shares of Ralph Lauren from $83.50 to $91.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $98.05.

Ralph Lauren Corp (NYSE:RL) opened at $105.59 on Tuesday. Ralph Lauren Corp has a 1-year low of $66.06 and a 1-year high of $119.33. The company has a market cap of $8,583.31, a PE ratio of 17.54, a PEG ratio of 1.74 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.16. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm posted $1.86 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. research analysts anticipate that Ralph Lauren Corp will post 5.93 earnings per share for the current fiscal year.

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About Ralph Lauren

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 (NYSE:RL)

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