Ralph Lauren Corp (RL): David R. Lauren , EVP, Advert., Mktg., & Comm. of Ralph Lauren Corp sold 4,668 shares on Jun 16, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $93.71 per share for a total value of $437,438.28 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Joel Lawrence Fleishman (director) sold 811 shares at $95.91 per share price.On Mar 7, 2016, Arnold H Aronson (director) sold 2,389 shares at $96.75 per share price.Also, On Dec 22, 2015, Ralph Lauren (director officer 10% owner (Ex. Chair, Chief Crea) sold 50,000 shares at $110.93 per share price.On Nov 9, 2015, Christopher H Peterson (President, Global Brands) sold 3,016 shares at $136.38 per share price.
Ralph Lauren Corp: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Ralph Lauren Corp which led to swings in the share price. The shares opened for trading at $91.99 and hit $95.4 on the upside , eventually ending the session at $94.56, with a gain of 3.50% or 3.2 points. The heightened volatility saw the trading volume jump to 19,60,783 shares. The 52-week high of the share price is $141.03 and the company has a market cap of $7,839 M . The 52-week low of the share price is at $82.15.
Company has been under the radar of several Street Analysts.Ralph Lauren Corp is Reiterated by Telsey Advisory Group to Outperform while Lowering the Price Target of the company shares to $ 105 from a previous price target of $110 . The Rating was issued on Jun 8, 2016.Ralph Lauren Corp is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Jun 8, 2016.Ralph Lauren Corp is Downgraded by Miller Tabak to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 8, 2016.Ralph Lauren Corp is Initiated by BB&T Capital Mkts to Buy and the brokerage firm has set the Price Target at $115. The Rating was issued on May 20, 2016.Ralph Lauren Corp is Reiterated by UBS to Buy while Lowering the Price Target of the company shares to $ 115 from a previous price target of $118 . The Rating was issued on May 11, 2016.
Ralph Lauren Corporation is engaged in the design marketing and distribution of lifestyle products including apparel accessories home furnishings and other licensed product categories. The Company operates in three segments: Wholesale Retail and Licensing. Wholesale business representing approximately 46% of net revenues as of fiscal year ended March 28 2015 (Fiscal 2015) consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel which includes Company’s retail stores concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements under which the Company license to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products such as certain apparel eyewear and fragrances.