Ralph Lauren Corp (NYSE:RL).
Hosking Partners Llp says it increased its investment in Ralph Lauren Corp by 617 shares in its quarterly SEC filing. Its stake stood at $15,431,000 an increase of $2,578,000 as of the end of the quarter.
Several firms have shifted positions in (RL). As of the end of the quarter Great Lakes Advisors, LLC had acquired 90,375 shares growing its stake by 324.9%. The value of the company’s investment in Ralph Lauren Corp increased from $2,053,000 to $10,435,000 a change of 408.3% quarter to quarter. Tredje Ap-fonden augmented its holdings by buying 2,520 shares an increase of 13.9%. Tredje Ap-fonden owns 20,666 shares valued at $1,835,000. The value of the position overall is up by 36.1%.
As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 409 shares growing its position 10.0%. The value in dollars went from $302,000 to $398,000 increasing 31.8% quarter over quarter.
Equity analyst Barclays PLC raised the price target on November 6 boosting the projection from $84.00 to $87.00 and stated a “Underweight” rating. Citigroup raised the price target on November 3 changing the forecast from $91.00 to $98.00 with a rating of “Buy”.
Equity analyst Morgan Stanley raised the price target of the stock on November 3 changing the price objective from $83.50 to $91.00 and issued a “Equal Weight” rating. On November 1, 2017 Cowen and Company released research on RL stating a rating of “Hold” and a price target of $97.00.
Equity analyst Cowen and Company released guidance on RL with a rating of “Hold” and price target of $89.00. On October 19 analysts at Piper Jaffray Companies issued a report on RL and giving a rating of “Sell” and establishing a price target of $81.00.
In the market the company is trading up by 0.45% percent from yesterday’s close. The company currently has a P/E ratio of 90.80 and market cap is 7.12B. As of the latest earnings report the EPS was $0.96 with 55.40M shares outstanding.
Investors are more bearish on shares of the company of late if you pay attention to the rise in short interest. The company saw a rise in short interest of 7.36% as of the latest report on October 13, 2017. Short interest increased 390,299 over that timeframe. With short interest at 5,691,760 and short average daily volume at 972,114, days to cover is 6.0 and the short interest percentage is 0.10% as of October 13.