Insider Selling: Ralph Lauren Corp (NYSE:RL) Major Shareholder Sells 71,428 Shares of Stock

Ralph Lauren Corp (NYSE:RL) major shareholder Family L.L.C. Lauren sold 71,428 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $112.96, for a total transaction of $8,068,506.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 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 transaction 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 transaction of $7,857,794.28.
  • 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 transaction 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 transaction of $7,516,368.44.

Shares of RL traded up $0.88 during trading hours on Friday, reaching $110.27. 1,213,414 shares of the company traded hands, compared to its average volume of 958,496. The company has a current ratio of 3.00, a quick ratio of 2.31 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $112.02. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. Ralph Lauren Corp has a 12-month low of $95.63 and a 12-month high of $147.79.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Tuesday, May 14th. The textile maker reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.14. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Ralph Lauren had a return on equity of 17.38% and a net margin of 6.83%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. On average, equities analysts expect that Ralph Lauren Corp will post 7.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.6875 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.63. This represents a $2.75 dividend on an annualized basis and a yield of 2.49%. Ralph Lauren’s payout ratio is currently 38.25%.

Institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its holdings in shares of Ralph Lauren by 3,333.3% during the first quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Ralph Lauren by 44.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 92 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in shares of Ralph Lauren during the fourth quarter valued at about $33,000. CSat Investment Advisory L.P. increased its holdings in shares of Ralph Lauren by 97.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 436 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Ralph Lauren by 9.3% during the first quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock valued at $168,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.

Several research analysts have commented on RL shares. OTR Global raised shares of Ralph Lauren to a “positive” rating in a research note on Friday, April 26th. Royal Bank of Canada lifted their price objective on shares of Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the stock a “sector perform” rating in a research note on Thursday, May 9th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Goldman Sachs Group set a €100.00 ($116.28) price objective on shares of Henkel AG & Co KGaA and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Sprouts Farmers Market in a research note on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $134.31.

About Ralph Lauren

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.

Further Reading: What is a recession?

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

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.