Ralph Lauren Corp major shareholder Sells $8,152,000 in Stock (RL)
Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren sold 50,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $163.04, for a total value of $8,152,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Ralph Lauren Corp (NYSE:RL) traded up 1.11% during mid-day trading on Monday, hitting $165.36. 575,386 shares of the company’s stock traded hands. Ralph Lauren Corp has a 52 week low of $141.93 and a 52 week high of $181.07. The stock’s 50-day moving average is $159.8 and its 200-day moving average is $156.9. The company has a market cap of $14.543 billion and a price-to-earnings ratio of 19.71.
Ralph Lauren Corp (NYSE:RL) last released its earnings data on Wednesday, August 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.94 earnings per share. The company’s revenue for the quarter 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.
A number of research firms have recently commented on RL. 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, August 11th. They now have a “buy” rating on the stock. 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. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Ralph Lauren Corp currently has a consensus rating of “Buy” and an average target price of $169.08.
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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