Insider Selling: Ralph Lauren Corp (NYSE:RL) Major Shareholder Sells 71,428 Shares of Stock

Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren sold 71,428 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $101.65, for a total value of $7,260,656.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • 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 NYSE RL traded up $0.26 during trading hours on Friday, reaching $98.88. The stock had a trading volume of 1,620,326 shares, compared to its average volume of 1,063,100. The company has a current ratio of 2.30, a quick ratio of 2.31 and a debt-to-equity ratio of 0.72. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87. The company has a fifty day moving average price of $111.71. Ralph Lauren Corp has a 52-week low of $95.63 and a 52-week high of $141.62.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Tuesday, July 30th. The textile maker reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Ralph Lauren had a return on equity of 17.59% and a net margin of 6.91%. Ralph Lauren’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. As a group, equities research analysts anticipate that Ralph Lauren Corp will post 7.71 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.6875 dividend. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.78%. Ralph Lauren’s payout ratio is presently 38.25%.

A number of large investors have recently modified their holdings of RL. Signaturefd LLC increased its position in shares of Ralph Lauren by 3,333.3% during the first quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. CWM LLC increased its position in shares of Ralph Lauren by 589.2% in the 2nd quarter. CWM LLC now owns 255 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 218 shares during the period. Liberty Wealth Management LLC acquired a new position in shares of Ralph Lauren in the 4th quarter valued at $33,000. Psagot Investment House Ltd. acquired a new position in shares of Ralph Lauren in the 2nd quarter valued at $165,000. Finally, ETF Managers Group LLC increased its position in shares of Ralph Lauren by 9.3% in the 1st quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock valued at $168,000 after acquiring an additional 110 shares during the period. 65.97% of the stock is owned by institutional investors.

Several brokerages have issued reports on RL. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Deutsche Bank dropped their target price on Ralph Lauren from $160.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Royal Bank of Canada set a $128.00 target price on Ralph Lauren and gave the company a “buy” rating in a research report on Wednesday. Bank of America dropped their target price on Ralph Lauren from $114.00 to $108.00 and set an “underperform” rating for the company in a research report on Wednesday, May 15th. Finally, Credit Suisse Group dropped their target price on Ralph Lauren from $158.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $131.00.

Ralph Lauren Company Profile

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.

Further Reading: Oversold

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

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