Key Points
- Patrice Louvet sold 47,000 shares of Ralph Lauren on Feb. 10 at an average price of $354.22 for about $16.65 million, leaving him with 85,552 shares (a ~35.46% reduction, valued at roughly $30.3 million).
- Ralph Lauren posted strong quarterly results, reporting $6.22 EPS versus $5.80 expected and $2.41 billion in revenue (up 12.2% year-over-year), with a return on equity of 37.97%.
- Analysts are generally positive, assigning a consensus "Moderate Buy" with an average price target of $390.06 and multiple firms raising targets into the $410–$435 range.
Ralph Lauren Corporation (NYSE:RL - Get Free Report) CEO Patrice Louvet sold 47,000 shares of the company's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer owned 85,552 shares of the company's stock, valued at approximately $30,304,229.44. This represents a 35.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Ralph Lauren Stock Up 0.9%
Shares of NYSE RL opened at $359.34 on Thursday. Ralph Lauren Corporation has a 12-month low of $176.61 and a 12-month high of $380.00. The stock's fifty day simple moving average is $360.55 and its two-hundred day simple moving average is $332.32. The stock has a market capitalization of $21.79 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50.
Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, topping analysts' consensus estimates of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The firm had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.30 billion. During the same period in the prior year, the business posted $4.82 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.
Ralph Lauren Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren's dividend payout ratio (DPR) is currently 24.85%.
Hedge Funds Weigh In On Ralph Lauren
Several large investors have recently made changes to their positions in RL. Hantz Financial Services Inc. grew its position in Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker's stock valued at $26,000 after buying an additional 86 shares during the period. Blueline Advisors LLC acquired a new stake in Ralph Lauren in the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren in the third quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Ralph Lauren during the 2nd quarter worth approximately $28,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Ralph Lauren during the 4th quarter valued at approximately $29,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently commented on RL shares. BTIG Research increased their target price on shares of Ralph Lauren from $400.00 to $435.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $435.00 price objective on shares of Ralph Lauren in a report on Thursday, February 5th. Guggenheim initiated coverage on Ralph Lauren in a research report on Tuesday, December 9th. They issued a "neutral" rating for the company. Jefferies Financial Group decreased their price target on Ralph Lauren from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $390.06.
Check Out Our Latest Stock Report on RL
Ralph Lauren Company Profile
(
Get Free Report)
Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men's neckties into a global lifestyle business that spans apparel, accessories and home goods.
Ralph Lauren's product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.
Further Reading
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