Great Lakes Advisors LLC Reduces Stake in Ralph Lauren Corp (NYSE:RL)

Great Lakes Advisors LLC lessened its holdings in Ralph Lauren Corp (NYSE:RL) by 24.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,743 shares of the textile maker’s stock after selling 2,870 shares during the period. Great Lakes Advisors LLC’s holdings in Ralph Lauren were worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. KBC Group NV lifted its stake in shares of Ralph Lauren by 598.1% in the 2nd quarter. KBC Group NV now owns 58,328 shares of the textile maker’s stock valued at $6,626,000 after purchasing an additional 49,973 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Ralph Lauren by 16.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the textile maker’s stock valued at $498,000 after purchasing an additional 620 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ralph Lauren by 5.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,811,060 shares of the textile maker’s stock valued at $204,829,000 after purchasing an additional 87,683 shares during the last quarter. Psagot Investment House Ltd. acquired a new position in shares of Ralph Lauren in the 2nd quarter valued at $165,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Ralph Lauren by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,060,353 shares of the textile maker’s stock valued at $120,444,000 after purchasing an additional 28,594 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $111.62, for a total value of $7,972,793.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jane Nielsen sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $113.84, for a total value of $1,138,400.00. Following the completion of the transaction, the chief financial officer now owns 65,308 shares in the company, valued at approximately $7,434,662.72. The disclosure for this sale can be found here. Insiders sold a total of 402,854 shares of company stock worth $39,756,662 in the last ninety days. 34.26% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. Bank of America decreased their price target on Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating on the stock in a research note on Monday, August 26th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Ralph Lauren in a research note on Wednesday, July 31st. UBS Group upped their price target on Ralph Lauren from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday. They noted that the move was a valuation call. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target (down previously from $155.00) on shares of Ralph Lauren in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered Ralph Lauren from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $127.50.

RL opened at $112.61 on Friday. The stock’s 50-day moving average price is $97.82 and its 200 day moving average price is $104.11. Ralph Lauren Corp has a 12-month low of $82.69 and a 12-month high of $133.63. The company has a current ratio of 1.95, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 2.85 and a beta of 0.90.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.16. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. Ralph Lauren had a return on equity of 19.52% and a net margin of 7.08%. Ralph Lauren’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 EPS. On average, research analysts forecast that Ralph Lauren Corp will post 7.69 earnings per share for the current year.

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

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