Ralph Lauren Corp (RL) Insider David R. Lauren Sells 1,764 Shares of Stock

Ralph Lauren Corp (NYSE:RL) insider David R. Lauren sold 1,764 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $142.94, for a total value of $252,146.16. Following the completion of the sale, the insider now directly owns 633,197 shares of the company’s stock, valued at approximately $90,509,179.18. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Ralph Lauren traded up $0.15, hitting $139.09, on Thursday, Marketbeat.com reports. The company had a trading volume of 1,160,921 shares, compared to its average volume of 1,027,481. The stock has a market cap of $11.58 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.63 and a beta of 0.70. The company has a quick ratio of 1.76, a current ratio of 2.24 and a debt-to-equity ratio of 0.08. Ralph Lauren Corp has a twelve month low of $69.98 and a twelve month high of $145.94.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, May 23rd. The textile maker reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.07. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a return on equity of 14.49% and a net margin of 2.63%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. sell-side analysts anticipate that Ralph Lauren Corp will post 6.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, June 28th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.50. Ralph Lauren’s payout ratio is 33.17%.

Several hedge funds have recently modified their holdings of RL. Xact Kapitalforvaltning AB increased its stake in shares of Ralph Lauren by 8.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 10,021 shares of the textile maker’s stock valued at $1,120,000 after purchasing an additional 806 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Ralph Lauren by 105.0% in the 1st quarter. Royal Bank of Canada now owns 92,275 shares of the textile maker’s stock valued at $10,317,000 after purchasing an additional 47,265 shares in the last quarter. Pagoda Asset Management LP purchased a new position in shares of Ralph Lauren in the 1st quarter valued at about $6,517,000. Scopus Asset Management L.P. purchased a new position in shares of Ralph Lauren in the 1st quarter valued at about $27,950,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Ralph Lauren by 80.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 3,125 shares of the textile maker’s stock valued at $349,000 after purchasing an additional 1,389 shares in the last quarter. 69.16% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on RL shares. TheStreet raised Ralph Lauren from a “c” rating to a “b” rating in a research report on Wednesday, May 23rd. Zacks Investment Research raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Thursday, April 5th. Cowen set a $160.00 price target on Ralph Lauren and gave the stock a “buy” rating in a research report on Friday, June 8th. ValuEngine cut Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, Royal Bank of Canada set a $130.00 price target on Ralph Lauren and gave the stock a “hold” rating in a research report on Thursday, May 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Ralph Lauren presently has a consensus rating of “Hold” and an average target price of $122.13.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.

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