Engineers Gate Manager LP Has Increased Stake in Ralph Lauren Corp (RL) by $5.07 Million as Stock Rose

April 18, 2018 - By Clifton Ray

Ralph Lauren Corporation (NYSE:RL) LogoInvestors sentiment increased to 1.2 in 2017 Q4. Its up 0.15, from 1.05 in 2017Q3. It improved, as 40 investors sold RL shares while 106 reduced holdings. 64 funds opened positions while 111 raised stakes. 57.61 million shares or 8.98% more from 52.86 million shares in 2017Q3 were reported. 10,536 are held by Pub Employees Retirement Association Of Colorado. Deutsche Comml Bank Ag holds 0.02% of its portfolio in Ralph Lauren Corporation (NYSE:RL) for 246,714 shares. Gotham Asset Limited Liability Corporation invested in 241,763 shares. New Mexico Educational Retirement Board has 0.02% invested in Ralph Lauren Corporation (NYSE:RL) for 5,414 shares. Aperio Gp Ltd Llc holds 0.01% in Ralph Lauren Corporation (NYSE:RL) or 15,566 shares. Aqr Cap Ltd Co has invested 0.03% of its portfolio in Ralph Lauren Corporation (NYSE:RL). Blackrock accumulated 5.22M shares or 0.03% of the stock. Gsa Capital Prns Limited Liability Partnership holds 0.05% or 7,200 shares in its portfolio. Utd Automobile Association reported 63,845 shares or 0.02% of all its holdings. Dekabank Deutsche Girozentrale invested in 0.04% or 57,319 shares. Fjarde Ap, a Alabama-based fund reported 16,789 shares. Parallax Volatility Advisers Limited Partnership holds 7,755 shares or 0% of its portfolio. Old Mutual Customised Solutions (Proprietary) Limited owns 1,800 shares or 0.02% of their US portfolio. Quinn Opportunity Prns Limited Liability holds 4,000 shares or 0.07% of its portfolio. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in Ralph Lauren Corporation (NYSE:RL).

Engineers Gate Manager Lp increased its stake in Ralph Lauren Corp (RL) by 229.65% based on its latest 2017Q4 regulatory filing with the SEC. Engineers Gate Manager Lp bought 49,223 shares as the company’s stock rose 7.65% while stock markets declined. The institutional investor held 70,657 shares of the apparel company at the end of 2017Q4, valued at $7.33 million, up from 21,434 at the end of the previous reported quarter. Engineers Gate Manager Lp who had been investing in Ralph Lauren Corp for a number of months, seems to be bullish on the $9.04B market cap company. The stock decreased 1.92% or $2.18 during the last trading session, reaching $111.23. About 381,304 shares traded. Ralph Lauren Corporation (NYSE:RL) has risen 36.27% since April 18, 2017 and is uptrending. It has outperformed by 24.72% the S&P500.

Engineers Gate Manager Lp, which manages about $645.79 million and $1.46 billion US Long portfolio, decreased its stake in Sba Communications Corp New by 22,346 shares to 15,979 shares, valued at $2.61M in 2017Q4, according to the filing. It also reduced its holding in Humana Inc (NYSE:HUM) by 19,405 shares in the quarter, leaving it with 5,313 shares, and cut its stake in Scana Corp New (NYSE:SCG).

Ralph Lauren Corporation (NYSE:RL) Ratings Coverage

Among 9 analysts covering Ralph Lauren Corp (NYSE:RL), 3 have Buy rating, 3 Sell and 3 Hold. Therefore 33% are positive. Ralph Lauren Corp had 16 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was maintained by Bank of America with “Underperform” on Friday, February 2. The stock of Ralph Lauren Corporation (NYSE:RL) has “Equal-Weight” rating given on Friday, November 3 by Morgan Stanley. The stock has “Underweight” rating by Barclays Capital on Thursday, January 25. The firm has “Outperform” rating given on Thursday, March 22 by Cowen & Co. The company was maintained on Thursday, October 19 by Piper Jaffray. The stock has “Hold” rating by Cowen & Co on Thursday, January 25. The rating was maintained by RBC Capital Markets on Thursday, November 2 with “Hold”. The firm has “Hold” rating given on Thursday, February 1 by RBC Capital Markets. The company was maintained on Friday, November 3 by Citigroup. The company was maintained on Monday, November 6 by Barclays Capital.

Ralph Lauren Corporation (NYSE:RL) Institutional Positions Chart

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