Ralph Lauren (NYSE:RL) CEO Sells $16,648,340.00 in Stock

Ralph Lauren Corporation (NYSE:RL) CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the transaction, the chief executive officer owned 85,552 shares in the company, valued at approximately $30,304,229.44. This trade represents a 35.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ralph Lauren Stock Performance

Ralph Lauren stock traded up $3.16 during trading hours on Wednesday, hitting $359.34. 793,596 shares of the stock traded hands, compared to its average volume of 630,141. The firm’s 50 day moving average price is $360.53 and its 200-day moving average price is $332.13. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 1.39 and a beta of 1.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $380.00.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.42. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.Ralph Lauren’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.82 EPS. As a group, equities analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 24.85%.

Analyst Ratings Changes

A number of analysts have issued reports on RL shares. Zacks Research raised shares of Ralph Lauren from a “hold” rating to a “strong-buy” rating in a research report on Monday. Evercore set a $420.00 price objective on Ralph Lauren in a research report on Friday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a research report on Thursday, January 8th. Finally, Barclays set a $416.00 price target on Ralph Lauren and gave the company an “overweight” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $390.06.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds have recently made changes to their positions in RL. Blueline Advisors LLC acquired a new stake in Ralph Lauren in the fourth quarter valued at approximately $27,000. Aventura Private Wealth LLC acquired a new position in shares of Ralph Lauren during the fourth quarter worth $29,000. JPL Wealth Management LLC purchased a new position in shares of Ralph Lauren in the third quarter valued at $27,000. Hantz Financial Services Inc. increased its stake in Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.