Ralph Lauren Corp (NYSE:RL) Major Shareholder Sells $7,260,656.20 in Stock

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 shares were sold at an average price of $101.65, for a total value of $7,260,656.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 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 Wednesday, July 17th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $111.02, for a total value of $7,929,936.56.
  • On Wednesday, July 3rd, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $110.01, for a total value of $7,857,794.28.
  • On Thursday, June 27th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $112.96, for a total value of $8,068,506.88.
  • On Thursday, June 13th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $112.22, for a total value of $8,015,650.16.
  • On Thursday, May 30th, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The shares were sold at an average price of $105.23, for a total value of $7,516,368.44.

Shares of RL opened at $98.88 on Monday. The stock’s fifty day moving average price is $111.43. Ralph Lauren Corp has a 12-month low of $95.63 and a 12-month high of $141.62. The company has a market capitalization of $7.70 billion, a PE ratio of 13.75, a PEG ratio of 1.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.30 and a quick ratio of 2.31.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Tuesday, July 30th. The textile maker reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.11. Ralph Lauren had a return on equity of 18.33% and a net margin of 6.91%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business posted $1.54 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts predict that Ralph Lauren Corp will post 7.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a dividend of $0.6875 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.63. This represents a $2.75 annualized dividend and a yield of 2.78%. Ralph Lauren’s dividend payout ratio (DPR) is 38.25%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Ralph Lauren by 5.8% in the first quarter. JPMorgan Chase & Co. now owns 1,723,377 shares of the textile maker’s stock worth $223,489,000 after buying an additional 94,638 shares during the period. Geode Capital Management LLC increased its position in Ralph Lauren by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 922,088 shares of the textile maker’s stock worth $95,271,000 after buying an additional 58,183 shares during the period. Northern Trust Corp increased its position in Ralph Lauren by 4.3% in the first quarter. Northern Trust Corp now owns 762,957 shares of the textile maker’s stock worth $98,939,000 after buying an additional 31,531 shares during the period. Marshall Wace LLP increased its position in Ralph Lauren by 291.9% in the first quarter. Marshall Wace LLP now owns 735,437 shares of the textile maker’s stock worth $95,371,000 after buying an additional 547,787 shares during the period. Finally, Norges Bank acquired a new stake in Ralph Lauren in the fourth quarter worth $72,636,000. Hedge funds and other institutional investors own 65.97% of the company’s stock.

RL has been the subject of several research analyst reports. ValuEngine cut Ralph Lauren from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Deutsche Bank reduced their target price on Ralph Lauren from $160.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Nomura reduced their target price on Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday, May 15th. Zacks Investment Research cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. cut Ralph Lauren from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $131.00.

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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