Insider Selling: Ralph Lauren Corp COO Unloads 27,067 Shares of Stock (RL)
Ralph Lauren Corp (NYSE:RL) COO Jackwyn Nemerov unloaded 27,067 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $155.19, for a total value of $4,200,527.73. Following the completion of the transaction, the chief operating officer now directly owns 39,997 shares in the company, valued at approximately $6,207,134. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on RL shares. Analysts at Maxim Group reiterated a “buy” rating on shares of Ralph Lauren Corp in a research note on Thursday, May 15th. They now have a $203.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ralph Lauren Corp in a research note on Tuesday, May 13th. They now have a $155.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ralph Lauren Corp from $170.00 to $152.00 in a research note on Tuesday, May 13th. They now have a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $168.13.
Shares of Ralph Lauren Corp (NYSE:RL) traded up 0.74% during mid-day trading on Wednesday, hitting $155.41. The stock had a trading volume of 848,198 shares. Ralph Lauren Corp has a 52-week low of $141.93 and a 52-week high of $189.80. The stock’s 50-day moving average is $152.3 and its 200-day moving average is $161.. The company has a market cap of $13.789 billion and a price-to-earnings ratio of 18.30.
Ralph Lauren Corp (NYSE:RL) last issued its quarterly earnings data on Friday, May 9th. The company reported $1.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.05. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted $1.41 earnings per share. Ralph Lauren Corp’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that Ralph Lauren Corp will post $8.71 earnings per share for the current fiscal year.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (NYSE:RL), fragrances and home furnishings.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.