Ralph Lauren Co. (NYSE:RL) CEO Sells $2,312,500.00 in Stock

Ralph Lauren Co. (NYSE:RLGet Rating) CEO Patrice Louvet sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $125.00, for a total value of $2,312,500.00. Following the completion of the transaction, the chief executive officer now owns 202,332 shares in the company, valued at approximately $25,291,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Patrice Louvet also recently made the following trade(s):

  • On Wednesday, January 18th, Patrice Louvet sold 18,500 shares of Ralph Lauren stock. The shares were sold at an average price of $120.00, for a total value of $2,220,000.00.

Ralph Lauren Stock Performance

NYSE:RL traded down $2.32 during trading hours on Wednesday, reaching $123.98. The stock had a trading volume of 785,917 shares, compared to its average volume of 826,620. The stock has a market cap of $8.18 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 3.81 and a beta of 1.36. Ralph Lauren Co. has a 12-month low of $82.23 and a 12-month high of $135.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.27 and a current ratio of 2.01. The stock has a 50 day simple moving average of $110.45 and a 200 day simple moving average of $99.79.

Ralph Lauren (NYSE:RLGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The textile maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.14. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Ralph Lauren had a return on equity of 21.97% and a net margin of 8.05%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.62 earnings per share. On average, research analysts forecast that Ralph Lauren Co. will post 7.73 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, December 29th. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.78%.

Analyst Ratings Changes

A number of analysts recently commented on RL shares. Cowen lifted their price target on Ralph Lauren from $132.00 to $148.00 in a report on Monday, December 12th. UBS Group lifted their price target on Ralph Lauren from $128.00 to $130.00 in a report on Friday, November 11th. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $127.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 29th. StockNews.com started coverage on Ralph Lauren in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Wedbush lifted their price target on Ralph Lauren to $100.00 in a report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Ralph Lauren currently has a consensus rating of “Hold” and a consensus price target of $120.92.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc bought a new stake in Ralph Lauren during the third quarter valued at $25,000. Ronald Blue Trust Inc. boosted its stake in Ralph Lauren by 125.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 433 shares of the textile maker’s stock valued at $36,000 after buying an additional 241 shares during the period. CWM LLC boosted its stake in Ralph Lauren by 112.2% during the second quarter. CWM LLC now owns 488 shares of the textile maker’s stock valued at $44,000 after buying an additional 258 shares during the period. South Dakota Investment Council bought a new stake in Ralph Lauren during the third quarter valued at $51,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Ralph Lauren during the third quarter valued at $68,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

About Ralph Lauren

(Get Rating)

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.

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