Insider Selling: Jackwyn Nemerov Unloads 28,371 Shares of Ralph Lauren Corp Stock (RL)
Ralph Lauren Corp (NYSE:RL) COO Jackwyn Nemerov sold 28,371 shares of Ralph Lauren Corp stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $153.44, for a total transaction of $4,353,246.24. Following the completion of the sale, the chief operating officer now directly owns 39,997 shares in the company, valued at approximately $6,137,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ralph Lauren Corp (NYSE:RL) traded down 0.35% during mid-day trading on Monday, hitting $153.00. The stock had a trading volume of 507,601 shares. Ralph Lauren Corp has a 1-year low of $141.93 and a 1-year high of $189.80. The stock’s 50-day moving average is $152.3 and its 200-day moving average is $160.7. The company has a market cap of $13.575 billion and a P/E ratio of 18.21.
Ralph Lauren Corp (NYSE:RL) last announced its earnings results 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 $8.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, June 25th.
A number of research firms have recently commented on RL. 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 equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $168.13.
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.
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