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

By Carrie Williams

Today, the Vice Chair, Chief Innovation of Ralph Lauren Corp (NYSE: RL), David Lauren, sold shares of RL for $252.1K.

Following David Lauren’s last RL Sell transaction on June 17, 2016, the stock climbed by 51.4%. In addition to David Lauren, one other RL executive reported Sell trades in the last month.

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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.

Five different firms, including Barclays and Merrill Lynch, currently also have a Sell 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.