Insider Selling: Ralph Lauren Corp major shareholder Sells 50,000 Shares of Stock (RL)
Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren unloaded 50,000 shares of Ralph Lauren Corp stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $169.48, for a total transaction of $8,474,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Ralph Lauren Corp (NYSE:RL) traded up 0.11% during mid-day trading on Monday, hitting $169.96. The stock had a trading volume of 624,397 shares. Ralph Lauren Corp has a 52 week low of $141.93 and a 52 week high of $181.07. The stock has a 50-day moving average of $160. and a 200-day moving average of $157.3. The company has a market cap of $14.947 billion and a price-to-earnings ratio of 20.46.
Ralph Lauren Corp (NYSE:RL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.80 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.94 earnings per share. Ralph Lauren Corp’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Ralph Lauren Corp will post $8.68 earnings per share for the current fiscal year.
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, 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 nine have given a buy rating to the company. Ralph Lauren Corp 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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