Ralph Lauren Corp (NYSE: RL) is 33.43% higher on its value in year-to-date trading and has touched a low of $108.60 and a high of $200.17 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 $193.12 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $192.41, the stock is 4.57% and 10.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing -0.37% at the moment leaves the stock 13.57% off its SMA200. RL registered 71.29% gain for a year compared to 6-month gain of 12.43%. The firm has a 50-day simple moving average (SMA 50) of $174.502 and a 200-day simple moving average (SMA200) of $169.6709.
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The stock witnessed a 11.64% loss in the last 1 month and extending the period to 3 months gives it a 14.07%, and is -2.63% 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 2.12% over the week and 2.04% over the month.
Ralph Lauren Corp (RL) has around 23400 employees, a market worth around $11.92B and $6.65B in sales. Current P/E ratio is 18.55 and Fwd P/E is 15.27. Profit margin for the company is 10.27%. Distance from 52-week low is 77.17% and -3.88% from its 52-week high. The company has generated returns on investments over the last 12 months (14.24%).
The EPS is expected to grow by 9.67% this year
761.0 institutions hold shares in Ralph Lauren Corp (RL), with institutional investors hold 112.57% of the company’s shares. The shares outstanding are 41.40M, and float is at 38.63M with Short Float at 7.18%. Institutions hold 108.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.1 million shares valued at $892.8 million. The investor’s holdings represent 7.8221 of the RL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.54 million shares valued at $445.23 million to account for 3.9008 of the shares outstanding. The other top investors are DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN which holds 2.04 million shares representing 3.123 and valued at over $356.46 million, while STATE STREET CORP holds 2.2541 of the shares totaling 1.47 million with a market value of $258.48 million.
Ralph Lauren Corp (RL) Insider Activity
The most recent transaction is an insider sale by Nielsen Jane, the company’s COO. SEC filings show that Nielsen Jane sold 67,243 shares of the company’s common stock on May 24 ’24 at a price of $171.25 per share for a total of $11.52 million. Following the sale, the insider now owns 44591.0 shares.
Ralph Lauren Corp disclosed in a document filed with the SEC on Mar 04 ’24 that Lauren Family, L.L.C. (10% Owner) sold a total of 3,000,000 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $177.15 per share for $531.45 million. Following the transaction, the insider now directly holds 0.0 shares of the RL stock.
Still, SEC filings show that on Feb 12 ’24, Alagoz Halide (Chief Product Officer) disposed off 2,115 shares at an average price of $177.22 for $0.37 million. The insider now directly holds 27,872 shares of Ralph Lauren Corp (RL).
