Ralph Lauren Corp (NYSE:RL) Major Shareholder Family L.L.C. Lauren Sells 71,428 Shares

Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren sold 71,428 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $101.65, for a total transaction of $7,260,656.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Family L.L.C. Lauren also recently made the following trade(s):

  • On Thursday, August 15th, Family L.L.C. Lauren sold 35,714 shares of Ralph Lauren stock. The stock was sold at an average price of $85.06, for a total transaction of $3,037,832.84.
  • On Wednesday, July 17th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The stock was sold at an average price of $111.02, for a total transaction of $7,929,936.56.
  • On Wednesday, July 3rd, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The stock was sold at an average price of $110.01, for a total transaction of $7,857,794.28.
  • On Thursday, June 27th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The stock was sold at an average price of $112.96, for a total transaction of $8,068,506.88.
  • On Thursday, June 13th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The stock was sold at an average price of $112.22, for a total transaction of $8,015,650.16.
  • On Thursday, May 30th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The stock was sold at an average price of $105.23, for a total transaction of $7,516,368.44.

NYSE:RL traded down $3.99 during midday trading on Friday, hitting $83.91. 1,230,967 shares of the company were exchanged, compared to its average volume of 1,511,327. The company has a fifty day simple moving average of $101.88 and a 200 day simple moving average of $116.40. Ralph Lauren Corp has a fifty-two week low of $83.50 and a fifty-two week high of $139.56. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $6.79 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.21 and a beta of 0.86.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Tuesday, July 30th. The textile maker reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.11. Ralph Lauren had a net margin of 6.91% and a return on equity of 18.33%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business earned $1.54 EPS. Ralph Lauren’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Ralph Lauren Corp will post 7.73 EPS for the current year.

Large investors have recently made changes to their positions in the stock. First American Trust FSB raised its stake in Ralph Lauren by 72.8% during the 1st quarter. First American Trust FSB now owns 31,908 shares of the textile maker’s stock worth $4,138,000 after acquiring an additional 13,443 shares in the last quarter. ETF Managers Group LLC raised its stake in Ralph Lauren by 9.3% during the 1st quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock worth $168,000 after acquiring an additional 110 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Ralph Lauren by 2.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,995 shares of the textile maker’s stock worth $648,000 after acquiring an additional 135 shares in the last quarter. State of Wisconsin Investment Board grew its position in Ralph Lauren by 0.6% during the 1st quarter. State of Wisconsin Investment Board now owns 116,210 shares of the textile maker’s stock worth $15,070,000 after purchasing an additional 680 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Ralph Lauren during the 1st quarter worth $18,361,000. Hedge funds and other institutional investors own 66.78% of the company’s stock.

A number of equities research analysts have issued reports on RL shares. Deutsche Bank reduced their target price on shares of Ralph Lauren from $160.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Nomura reduced their price objective on shares of Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, May 15th. ValuEngine lowered shares of Ralph Lauren from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Bank of America reduced their price objective on shares of Ralph Lauren from $114.00 to $108.00 and set an “underperform” rating on the stock in a report on Wednesday, May 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $129.56.

Ralph Lauren Company Profile

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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Insider Buying and Selling by Quarter for Ralph Lauren (NYSE:RL)

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