JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
NEW YORK—Patrice Louvet, President and CEO of Ralph Lauren Corp (NYSE:RL), recently sold 14,800 shares of the company’s Class A Common Stock, according to a filing with the Securities and Exchange Commission. The transactions, executed on March 24, were part of a pre-arranged trading plan under Rule 10b5-1, aimed at estate planning and investment diversification. The sale comes as Ralph Lauren demonstrates strong financial health, with InvestingPro data showing impressive gross profit margins of 68% and a robust 25.7% stock price return over the past six months.
The shares were sold in two separate transactions, with prices ranging from $230.00 to $235.00 per share, bringing the total value of the sales to approximately $3.44 million. Following these transactions, Louvet retains ownership of 97,249 shares of Ralph Lauren stock.
These sales are part of Louvet’s long-term strategy and were conducted as planned under the trading agreement set in December 2024.
In other recent news, Ralph Lauren has reported a robust financial quarter, exceeding earnings expectations due to strong sales and gross margin performance. The company experienced mid-teens growth in Europe and Asia, with China seeing over 20% growth, while the Americas reported a 7% increase. Ralph Lauren provided fourth-quarter revenue guidance that surpassed the midpoint of current market expectations, despite foreign exchange challenges. Additionally, Ralph Lauren raised its full fiscal year 2025 outlook amidst global economic uncertainties. Analyst firms have responded positively to these developments, with UBS raising its price target to $348 and maintaining a Buy rating, citing the company’s strong EPS growth prospects. Similarly, Telsey Advisory Group increased its price target to $315, attributing the adjustment to Ralph Lauren’s consistent operational momentum and strategic initiatives. Needham also initiated coverage with a Buy rating and a $310 price target, highlighting the brand’s successful execution in enhancing prestige and profit margins. Jefferies raised its price target to $330, noting the positive impact of Ralph Lauren’s brand elevation and distribution changes. These recent developments underscore confidence in Ralph Lauren’s strategic direction and growth potential.
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