Quantitative Systematic Strategies LLC Sells 1,240 Shares of Ralph Lauren Co. (RL)

Quantitative Systematic Strategies LLC reduced its stake in shares of Ralph Lauren Co. (NYSE:RL) by 19.0% during the 1st quarter, Holdings Channel reports. The firm owned 5,273 shares of the textile maker’s stock after selling 1,240 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Ralph Lauren were worth $590,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Bray Capital Advisors purchased a new stake in shares of Ralph Lauren during the 1st quarter valued at approximately $135,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Ralph Lauren during the 1st quarter valued at approximately $202,000. Zeke Capital Advisors LLC purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $201,000. Cigna Investments Inc. New purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $214,000. Finally, Jump Trading LLC purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $217,000. Institutional investors and hedge funds own 73.37% of the company’s stock.

Several analysts have recently commented on RL shares. ValuEngine raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Ralph Lauren from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $113.00 price target on shares of Ralph Lauren in a research report on Friday, February 2nd. Bank of America lifted their price target on shares of Ralph Lauren from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, February 2nd. Finally, Cowen raised Ralph Lauren from a “market perform” rating to an “outperform” rating and cut their target price for the company from $119.33 to $66.06 in a research report on Thursday, March 22nd. Four research 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.00.



Ralph Lauren opened at $109.01 on Monday, Marketbeat.com reports. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58. Ralph Lauren Co. has a 52 week low of $66.06 and a 52 week high of $119.33.

Ralph Lauren Company 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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