Ralph Lauren Corp (RL): Joel Lawrence Fleishman , director of Ralph Lauren Corp sold 811 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $95.91 per share for a total value of $77,786.26 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 7, 2016, Arnold H Aronson (director) sold 2,389 shares at $96.75 per share price.On Dec 22, 2015, Ralph Lauren (director officer 10% owner (Ex. Chair, Chief Crea) sold 50,000 shares at $110.93 per share price.Also, On Nov 9, 2015, Christopher H Peterson (President, Global Brands) sold 3,016 shares at $136.38 per share price.On Nov 9, 2015, Jackwyn Nemerov (President & COO) sold 44,773 shares at $134.60 per share price.
Shares of Ralph Lauren Corp (RL) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.38 points or -0.40% at $95.8 with 19,14,922 shares getting traded. Post opening the session at $95.11, the shares hit an intraday low of $94.96 and an intraday high of $96.7 and the price vacillated in this range throughout the day. The company has a market cap of $7,942 M and the number of outstanding shares has been calculated to be 8,29,02,042 shares. The 52-week high of Ralph Lauren Corp is $141.03 and the 52-week low is $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.