Jupiter Asset Management LTD Has Boosted Its Holding in Ralph Lauren Corp (RL) by $35.90 Million as Stock Price Declined

February 19, 2018 - By Migdalia James

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.01, from 1.04 in 2017Q2. It is positive, as 40 investors sold RL shares while 111 reduced holdings. 59 funds opened positions while 100 raised stakes. 52.86 million shares or 5.79% more from 49.97 million shares in 2017Q2 were reported. Tci Wealth Advsr holds 20 shares or 0% of its portfolio. State Of Tennessee Treasury Department has 0.01% invested in Ralph Lauren Corporation (NYSE:RL) for 31,558 shares. Nuveen Asset Mngmt Llc has invested 0.01% in Ralph Lauren Corporation (NYSE:RL). Sunbelt Securities invested in 15,856 shares. Blume Mngmt has invested 0.02% in Ralph Lauren Corporation (NYSE:RL). International Value Advisers Lc reported 1.2% stake. First Advsrs Lp invested 0% of its portfolio in Ralph Lauren Corporation (NYSE:RL). Capital Fund Mngmt Sa invested 0.01% in Ralph Lauren Corporation (NYSE:RL). Smith Graham And Advisors Limited Partnership owns 53,550 shares. Apg Asset Nv holds 561,908 shares or 0.08% of its portfolio. Aqr Capital Ltd Co holds 0.03% or 274,878 shares. South Dakota Invest Council accumulated 23,701 shares or 0.04% of the stock. Sun Life Fincl Inc reported 406 shares. Prudential Fincl owns 388,982 shares for 0.06% of their portfolio. Point72 Asset Management Lp has 349,383 shares for 0.14% of their portfolio.

Jupiter Asset Management Ltd increased its stake in Ralph Lauren Corp (RL) by 35.71% based on its latest 2017Q3 regulatory filing with the SEC. Jupiter Asset Management Ltd bought 408,000 shares as the company’s stock declined 11.61% while stock markets rallied. The institutional investor held 1.55M shares of the apparel company at the end of 2017Q3, valued at $136.89M, up from 1.14M at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Ralph Lauren Corp for a number of months, seems to be bullish on the $8.58B market cap company. The stock decreased 1.27% or $1.36 during the last trading session, reaching $105.59. About 624,261 shares traded. Ralph Lauren Corporation (NYSE:RL) has declined 22.29% since February 19, 2017 and is downtrending. It has underperformed by 38.99% the S&P500.

Jupiter Asset Management Ltd, which manages about $2.93 billion US Long portfolio, decreased its stake in Lockheed Martin Corp (NYSE:LMT) by 10,600 shares to 34,100 shares, valued at $10.58M in 2017Q3, according to the filing. It also reduced its holding in Global Pmts Inc (NYSE:GPN) by 34,300 shares in the quarter, leaving it with 165,700 shares, and cut its stake in Jd Com Inc (NASDAQ:JD).

More notable recent Ralph Lauren Corporation (NYSE:RL) news were published by: Streetinsider.com which released: “Form SC 13G/A RALPH LAUREN CORP Filed by: STATE STREET CORP” on February 13, 2018, also Zacks.com with their article: “Ralph Lauren (RL) Q3 Earnings Beat, Dips on Soft Sales” published on February 01, 2018, Businesswire.com published: “Ralph Lauren Corporation Strengthens Digital Capabilities” on January 24, 2018. More interesting news about Ralph Lauren Corporation (NYSE:RL) were released by: Reuters.com and their article: “Ralph Lauren’s turnaround efforts yet to pay off” published on February 01, 2018 as well as Seekingalpha.com‘s news article titled: “Ralph Lauren: Look Out Below” with publication date: February 10, 2018.

Ralph Lauren Corporation (NYSE:RL) Ratings Coverage

Among 29 analysts covering Polo Ralph Lauren Corporation (NYSE:RL), 9 have Buy rating, 5 Sell and 15 Hold. Therefore 31% are positive. Polo Ralph Lauren Corporation had 83 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, November 16 by Cowen & Co. The firm has “Outperform” rating given on Thursday, August 11 by Telsey Advisory Group. The rating was maintained by Goldman Sachs on Thursday, August 11 with “Buy”. The rating was maintained by Piper Jaffray on Tuesday, August 8 with “Sell”. The stock has “Neutral” rating by Buckingham Research on Monday, July 17. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, July 6 report. The firm earned “Underweight” rating on Monday, November 6 by Barclays Capital. The company was maintained on Friday, February 2 by Nomura. The rating was maintained by Piper Jaffray on Thursday, July 13 with “Sell”. The company was maintained on Thursday, February 1 by RBC Capital Markets.

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