Ralph Lauren Corp (NYSE: RL) is 18.68% higher on its value in year-to-date trading and has touched a low of $103.17 and a high of $192.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RL stock was last observed hovering at around $173.14 in the last trading session, with the day’s loss setting it -2.0%.
Currently trading at $171.14, the stock is -6.23% and -1.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -1.16% at the moment leaves the stock 25.47% off its SMA200. RL registered 45.63% gain for a year compared to 6-month gain of 52.35%. The firm has a 50-day simple moving average (SMA 50) of $1.78 and a 200-day simple moving average (SMA200) of $11.98.
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The stock witnessed a -5.09% loss in the last 1 month and extending the period to 3 months gives it a 20.02%, and is -8.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.10% over the week and 2.11% over the month.
Ralph Lauren Corp (RL) has around 23300 employees, a market worth around $10.94B and $6.60B in sales. Current P/E ratio is 19.42 and Fwd P/E is 15.20. Profit margin for the company is 8.90%. Distance from 52-week low is 65.88% and -10.88% from its 52-week high. The company has generated returns on investments over the last 12 months (11.64%).
Ralph Lauren Corp quarterly earnings per share for the current quarter are estimated at $1.64 with sales reaching $1.56B over the same period.The EPS is expected to grow by 23.04% this year, but quarterly earnings will post 2.80% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.
675 institutions hold shares in Ralph Lauren Corp (RL), with institutional investors hold 108.67% of the company’s shares. The shares outstanding are 40.70M, and float is at 37.70M with Short Float at 7.95%. Institutions hold 106.31% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 4.89 million shares valued at $602.73 million. The investor’s holdings represent 12.10% of the RL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 4.56 million shares valued at $562.22 million to account for 11.29% of the shares outstanding. The other top investors are Victory Capital Management Inc. which holds 3.21 million shares representing 7.95% and valued at over $395.89 million, while JP Morgan Chase & Company holds 6.40% of the shares totaling 2.59 million with a market value of $318.82 million.
Ralph Lauren Corp (RL) Insider Activity
The most recent transaction is an insider sale by Lauren Family, L.L.C., the company’s 10% Owner. SEC filings show that Lauren Family, L.L.C. sold 3,000,000 shares of the company’s common stock on Mar 04 ’24 at a price of $177.15 per share for a total of $531.45 million. Following the sale, the insider now owns 0.0 shares.
Ralph Lauren Corp disclosed in a document filed with the SEC on Feb 12 ’24 that Alagoz Halide (Chief Product Officer) sold a total of 2,115 shares of the company’s common stock. The trade occurred on Feb 12 ’24 and was made at $177.22 per share for $0.37 million. Following the transaction, the insider now directly holds 27872.0 shares of the RL stock.
Still, SEC filings show that on Dec 14 ’23, Alagoz Halide (Chief Product Officer) disposed off 2,000 shares at an average price of $143.01 for $0.29 million. The insider now directly holds 29,987 shares of Ralph Lauren Corp (RL).
