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.
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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