Sei Investments Co. Has $27.62 Million Stake in Ralph Lauren Corporation (RL)

Sei Investments Co. raised its holdings in shares of Ralph Lauren Corporation (NYSE:RL) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,788 shares of the textile maker’s stock after acquiring an additional 27,042 shares during the quarter. Sei Investments Co. owned approximately 0.38% of Ralph Lauren Corporation worth $27,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ralph Lauren Corporation by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after buying an additional 96 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Ralph Lauren Corporation by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after buying an additional 238 shares in the last quarter. Exane Derivatives purchased a new position in shares of Ralph Lauren Corporation during the 2nd quarter valued at $175,000. PNC Financial Services Group Inc. lifted its stake in shares of Ralph Lauren Corporation by 19.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,044 shares of the textile maker’s stock valued at $248,000 after buying an additional 499 shares in the last quarter. Finally, TLP Group LLC lifted its stake in shares of Ralph Lauren Corporation by 5,614.8% during the 2nd quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock valued at $257,000 after buying an additional 3,425 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

In related news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the transaction, the insider now directly owns 35,028 shares in the company, valued at approximately $3,195,254.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.93% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Sei Investments Co. Has $27.62 Million Stake in Ralph Lauren Corporation (RL)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/11/13/sei-investments-co-has-27-62-million-stake-in-ralph-lauren-corporation-rl.html.

Shares of Ralph Lauren Corporation (NYSE:RL) traded up $0.33 during trading hours on Monday, reaching $86.63. 1,114,200 shares of the company traded hands, compared to its average volume of 1,577,466. The company has a market cap of $7,039.73, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55.

Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The firm’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 EPS. analysts predict that Ralph Lauren Corporation will post 5.61 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Cowen and Company restated a “hold” rating and set a $89.00 target price on shares of Ralph Lauren Corporation in a research note on Sunday, September 17th. Bank of America Corporation reiterated a “neutral” rating and issued a $80.00 price target on shares of Ralph Lauren Corporation in a research note on Thursday, July 27th. Buckingham Research reiterated a “neutral” rating and issued a $68.00 price target on shares of Ralph Lauren Corporation in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Tuesday, October 10th. Finally, BidaskClub upgraded shares of Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.77.

Ralph Lauren Corporation Profile

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.

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

Receive News & Ratings for Ralph Lauren Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply