The Vice Chair, Chief Innovation of Ralph Lauren Corp (NYSE: RL) is Buying Shares

By Carrie Williams

Today, the Vice Chair, Chief Innovation of Ralph Lauren Corp (NYSE: RL), David Lauren, bought shares of RL for $237.3K.

Following David Lauren’s last RL Buy transaction on June 17, 2016, the stock climbed by 51.4%. This recent transaction increases David Lauren’s holding in the company by 9.88% to a total of $2.55 million.

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RL’s market cap is $11.62B and the company has a P/E ratio of 72.54. Currently, Ralph Lauren Corp has an average volume of 1.43M.

16 different firms, including Atlantic Equities and Buckingham, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Hold with an average price target of $134.86, reflecting a 3.0% upside.

In the last 30 days, insiders have sold $14.49M worth of RL shares and purchased $237.3K worth of RL shares.

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Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia.