Ralph Lauren Corp major shareholder Family L.L.C. Lauren Sells 50,000 Shares (RL)
Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren sold 50,000 shares of Ralph Lauren Corp stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $160.94, for a total value of $8,047,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
RL has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott raised their price target on shares of Ralph Lauren Corp from $171.00 to $177.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Ralph Lauren Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $180.00 price target on the stock, up previously from $165.00. Finally, 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $169.08.
Shares of Ralph Lauren Corp (NYSE:RL) traded up 0.01% during mid-day trading on Tuesday, hitting $162.78. The stock had a trading volume of 1,262,598 shares. Ralph Lauren Corp has a one year low of $141.93 and a one year high of $181.07. The stock’s 50-day moving average is $159.2 and its 200-day moving average is $156.7. The company has a market cap of $14.316 billion and a price-to-earnings ratio of 19.62.
Ralph Lauren Corp (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.78 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Ralph Lauren Corp will post $8.68 EPS 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.
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