Hedge Funds Are Dumping Ralph Lauren Corp (RL)

Page 1 of 2

Is Ralph Lauren Corp (NYSE:RL) a splendid investment today? Prominent investors are getting less bullish. The number of long hedge fund bets stayed the same which is a slightly negative development in our experience

Ralph Lauren Corp

According to most investors, hedge funds are assumed to be unimportant, old investment vehicles of the past. While there are over 8000 funds in operation at the moment, we at Insider Monkey look at the leaders of this group, around 450 funds. Most estimates calculate that this group oversees most of all hedge funds’ total asset base, and by keeping an eye on their best stock picks, we have discovered a number of investment strategies that have historically outstripped the broader indices. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Equally as beneficial, optimistic insider trading sentiment is another way to break down the world of equities. As the old adage goes: there are many motivations for a corporate insider to sell shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the valuable potential of this tactic if piggybackers understand where to look (learn more here).

Consequently, let’s take a peek at the key action surrounding Ralph Lauren Corp (NYSE:RL).

How have hedgies been trading Ralph Lauren Corp (NYSE:RL)?

In preparation for this quarter, a total of 34 of the hedge funds we track were bullish in this stock, a change of 0% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were upping their holdings substantially.

Of the funds we track, Lone Pine Capital, managed by Stephen Mandel, holds the largest position in Ralph Lauren Corp (NYSE:RL). Lone Pine Capital has a $534.4 million position in the stock, comprising 2.8% of its 13F portfolio. On Lone Pine Capital’s heels is Blue Ridge Capital, managed by John Griffin, which held a $277.7 million position; the fund has 3.5% of its 13F portfolio invested in the stock. Some other hedgies that hold long positions include Bain Capital’s Brookside Capital, Lee Ainslie’s Maverick Capital and Panayotis Takis Sparaggis’s Alkeon Capital Management.

Since Ralph Lauren Corp (NYSE:RL) has witnessed a declination in interest from hedge fund managers, it’s easy to see that there were a few hedge funds who sold off their positions entirely last quarter. It’s worth mentioning that Eric Mindich’s Eton Park Capital dumped the largest investment of the “upper crust” of funds we track, valued at about $75 million in stock., and Doug Silverman and Alexander Klabin of Senator Investment Group was right behind this move, as the fund dropped about $75 million worth. These bearish behaviors are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What have insiders been doing with Ralph Lauren Corp (NYSE:RL)?

Insider buying is at its handiest when the company in question has seen transactions within the past six months. Over the last six-month time frame, Ralph Lauren Corp (NYSE:RL) has seen zero unique insiders purchasing, and 5 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Ralph Lauren Corp (NYSE:RL). These stocks are Gildan Activewear Inc (USA) (NYSE:GIL), Under Armour Inc (NYSE:UA), Lululemon Athletica inc. (NASDAQ:LULU), PVH Corp (NYSE:PVH), and V.F. Corporation (NYSE:VFC). This group of stocks are in the textile – apparel clothing industry and their market caps match RL’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!