Ralph Lauren Corp (NYSE:RL) Major Shareholder Sells $3,037,832.84 in Stock

Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren sold 35,714 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.06, for a total value of $3,037,832.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Family L.L.C. Lauren also recently made the following trade(s):

  • On Thursday, August 1st, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $101.65, for a total value of $7,260,656.20.
  • On Wednesday, July 17th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $111.02, for a total value of $7,929,936.56.
  • On Wednesday, July 3rd, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $110.01, for a total value of $7,857,794.28.
  • On Thursday, June 27th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $112.96, for a total value of $8,068,506.88.
  • On Thursday, June 13th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $112.22, for a total value of $8,015,650.16.
  • On Thursday, May 30th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $105.23, for a total value of $7,516,368.44.

Shares of Ralph Lauren stock opened at $86.94 on Friday. The business’s fifty day simple moving average is $105.47 and its 200 day simple moving average is $117.45. The firm has a market capitalization of $6.78 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.21 and a beta of 0.86. Ralph Lauren Corp has a 12 month low of $83.50 and a 12 month high of $141.62. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Tuesday, July 30th. The textile maker reported $1.77 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Ralph Lauren had a return on equity of 18.33% and a net margin of 6.91%. Ralph Lauren’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share. Analysts predict that Ralph Lauren Corp will post 7.73 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in Ralph Lauren by 4.4% during the second quarter. Renaissance Technologies LLC now owns 4,106,694 shares of the textile maker’s stock worth $466,479,000 after acquiring an additional 171,700 shares during the period. BlackRock Inc. increased its position in Ralph Lauren by 1.6% in the second quarter. BlackRock Inc. now owns 4,091,952 shares of the textile maker’s stock worth $464,804,000 after buying an additional 65,167 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ralph Lauren by 5.1% in the second quarter. JPMorgan Chase & Co. now owns 1,811,060 shares of the textile maker’s stock worth $204,829,000 after buying an additional 87,683 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Ralph Lauren by 7.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,510,879 shares of the textile maker’s stock worth $171,621,000 after buying an additional 108,474 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Ralph Lauren by 105.7% in the second quarter. Mackenzie Financial Corp now owns 1,188,995 shares of the textile maker’s stock worth $135,058,000 after buying an additional 611,058 shares during the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

A number of research analysts have recently weighed in on the company. Royal Bank of Canada set a $128.00 target price on Ralph Lauren and gave the company a “buy” rating in a report on Wednesday, July 31st. Credit Suisse Group dropped their target price on Ralph Lauren from $158.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Nomura dropped their target price on Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, May 15th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price (down previously from $155.00) on shares of Ralph Lauren in a report on Wednesday, July 31st. Finally, Goldman Sachs Group restated a “sell” rating on shares of Ralph Lauren in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $131.00.

About Ralph Lauren

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

Read More: How are Outstanding Shares Different from Authorized Shares?

Insider Buying and Selling by Quarter for Ralph Lauren (NYSE:RL)

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