Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren sold 107,142 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $99.74, for a total transaction of $10,686,343.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large 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 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 Thursday, August 1st, Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock. The stock was sold at an average price of $101.65, for a total transaction of $7,260,656.20.
  • 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.

Shares of NYSE RL traded up $1.68 during trading on Friday, hitting $102.26. The stock had a trading volume of 1,560,935 shares, compared to its average volume of 1,118,637. Ralph Lauren Corp has a 12 month low of $82.69 and a 12 month high of $139.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.30 and a quick ratio of 1.68. The company has a market capitalization of $7.77 billion, a PE ratio of 14.22, a PEG ratio of 1.78 and a beta of 0.88. The firm has a fifty day moving average of $94.02 and a two-hundred day moving average of $113.13.

Ralph Lauren (NYSE:RL) last posted its earnings results 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 net margin of 6.91% and a return on equity of 18.33%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted $1.54 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Ralph Lauren Corp will post 7.7 earnings per share for the current fiscal year.

Several research firms have weighed in on RL. Royal Bank of Canada set a $128.00 price objective on shares of Ralph Lauren and gave the stock a “buy” rating in a report on Wednesday, July 31st. Credit Suisse Group lowered their price objective on shares of Ralph Lauren from $158.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price objective (down previously from $155.00) on shares of Ralph Lauren in a report on Wednesday, July 31st. Goldman Sachs Group restated a “sell” rating on shares of Ralph Lauren in a report on Wednesday, July 31st. Finally, Bank of America lowered their price objective on shares of Ralph Lauren from $98.00 to $76.00 and set an “underperform” rating on the stock in a report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $127.56.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in Ralph Lauren by 4.4% during the second quarter. Renaissance Technologies LLC now owns 4,106,694 shares of the textile maker’s stock valued at $466,479,000 after buying an additional 171,700 shares during the period. BlackRock Inc. grew its position in Ralph Lauren by 1.6% during the second quarter. BlackRock Inc. now owns 4,091,952 shares of the textile maker’s stock valued at $464,804,000 after buying an additional 65,167 shares during the period. JPMorgan Chase & Co. grew its position in Ralph Lauren by 5.1% during the second quarter. JPMorgan Chase & Co. now owns 1,811,060 shares of the textile maker’s stock valued at $204,829,000 after buying an additional 87,683 shares during the period. Price T Rowe Associates Inc. MD grew its position in Ralph Lauren by 7.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,510,879 shares of the textile maker’s stock valued at $171,621,000 after buying an additional 108,474 shares during the period. Finally, Mackenzie Financial Corp grew its position in Ralph Lauren by 105.7% during the second quarter. Mackenzie Financial Corp now owns 1,188,995 shares of the textile maker’s stock valued at $135,058,000 after buying an additional 611,058 shares during the period. Hedge funds and other institutional investors own 65.70% of the company’s stock.

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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