RL Ralph Lauren

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. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in the U.S. and Canada, excluding Club Monaco. The Europe segment caters to sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in Europe and the Middle East, excluding Club Monaco. The Asia segment covers the sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in Asia, Australia, and New Zealand. The company was founded by Ralph Lauren in 1967 and is headquartered in New York, NY.
Company profile
Ticker
RL
Exchange
Website
CEO
Ralph Lauren
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
POLO RALPH LAUREN CORP
SEC CIK
Corporate docs
IRS number
132622036
RL stock data
()
News
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8 Mar 21
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14 Feb 21
Barclays Maintains Equal-Weight on Ralph Lauren, Raises Price Target to $109
5 Feb 21
Calendar
4 Feb 21
13 Apr 21
28 Mar 22
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.63B | 2.63B | 2.63B | 2.63B | 2.63B | 2.63B |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 26.54M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | n/a | 95.64M | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 2.54B | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 95.5 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Apr 21 | Smith Andrew Howard | Class A Common Stock | Sell | Dispose S | No | Yes | 125 | 3,164 | 395.5K | 71,232 |
31 Mar 21 | Nielsen Jane | Class A Common Stock | Payment of exercise | Dispose F | No | No | 122.62 | 2,947 | 361.36K | 120,253 |
25 Mar 21 | Smith Andrew Howard | Class A Common Stock | Payment of exercise | Dispose F | No | No | 115.02 | 3,035 | 349.09K | 74,396 |
25 Feb 21 | Smith Andrew Howard | Class A Common Stock | Sell | Dispose S | No | No | 120 | 9,763 | 1.17M | 77,431 |
24 Feb 21 | Louvet Patrice | Class A Common Stock | Sell | Aquire S | No | Yes | 120 | 29,026 | 3.48M | 180,995 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
---|---|
Total holders | 330 |
Opened positions | 70 |
Closed positions | 73 |
Increased positions | 72 |
Reduced positions | 143 |
13F shares |
Current |
---|---|
Total value | 5.41B |
Total shares | 51.16M |
Total puts | 974.5K |
Total calls | 1.14M |
Total put/call ratio | 0.9 |
Largest owners |
Shares | Value |
---|---|---|
Ralph Lauren | 5.84M | $606.09M |
Vanguard | 4.64M | $481.52M |
BLK Blackrock | 3.92M | $406.42M |
JPM JPMorgan Chase & Co. | 3.26M | $337.7M |
Jupiter Asset Management | 2.27M | $235.76M |
TROW T. Rowe Price | 2.26M | $234.46M |
STT State Street | 1.93M | $199.97M |
MKFCF Mackenzie Financial | 1.66M | $171.9M |
Barrow Hanley Mewhinney & Strauss | 1.62M | $167.75M |
Renaissance Technologies | 1.29M | $133.45M |
Financial report summary
?Competition
Kate Spade & CoRisks
- Infectious disease outbreaks, such as the recent COVID-19 pandemic, could have a material adverse effect on our business.
- Economic, political, and other conditions may adversely affect the level of consumer purchases of discretionary items and luxury retail products, including our products.
- Our profitability may decline if we are unable to effectively manage inventory or as a result of increasing pressure on margins.
- A substantial portion of our revenue is derived from a limited number of large wholesale customers. Our business could be adversely affected as a result of consolidations, liquidations, restructurings, other ownership changes in the retail industry, and/or any financial instability of our large wholesale customers.
- Economic conditions could have a negative impact on our major customers, suppliers, vendors, and lenders, which in turn could materially adversely affect our business.
- We cannot assure the successful implementation of our growth strategy.
- We may not be successful in the expansion of our multi-channel distribution network or accelerating growth in certain product categories.
- The success of our business depends on our ability to respond to constantly changing fashion and retail trends and consumer preferences in a timely manner, develop products that resonate with our existing customers and attract new customers, and provide a seamless shopping experience to our customers.
- The success of our business depends on our ability to retain the value and reputation of our brands.
- We face intense competition worldwide in the markets in which we operate.
- We have a substantial amount of indebtedness, which could restrict our ability to engage in additional capital-related transactions in the future.
- Our ability to conduct business globally may be affected by a variety of legal, regulatory, political, and economic risks.
- Our business is subject to risks associated with importing products and the ability of our manufacturers to produce our goods on time and to our specifications.
- A data security or privacy breach could damage our reputation and our relationships with our customers or employees, expose us to litigation risk, and adversely affect our business.
- Our business could suffer if our computer systems and websites are disrupted or cease to operate effectively.
- Our business could suffer if we need to replace manufacturers or distribution centers.
- Our business could be adversely affected by man-made or natural disasters and other catastrophic events in the locations in which we or our customers or suppliers operate.
- Fluctuations in our tax obligations and effective tax rate may result in volatility of our operating results.
- Our business is exposed to domestic and foreign currency fluctuations.
- Our business is subject to risks associated with leasing real estate and other assets under long-term, non-cancellable leases.
- The trading prices of our securities periodically may rise or fall based on the accuracy of predictions of our earnings or other financial performance, including our ability to return value to shareholders.
- We may not fully realize the expected cost savings and/or operating efficiencies from our restructuring plans.
- Changes in our executive and senior management team may be disruptive to, or cause uncertainty in, our business.
- Our trademarks and other intellectual property rights may not be adequately protected outside the U.S.
- Our business could suffer if we fail to comply with labor laws or if one of our manufacturers fails to use acceptable labor or environmental practices.
- Certain legal proceedings, regulatory matters, and accounting changes could adversely affect our business.
- The voting shares of our Company's stock are concentrated in one majority stockholder.
- We rely on our licensing partners to preserve the value of our licenses. Failure to maintain licensing partners could harm our business.
Management Discussion
- Net Cash Provided by Operating Activities. Net cash provided by operating activities decreased to $754.6 million during Fiscal 2020, from $783.8 million during Fiscal 2019. The $29.2 million net decline in cash provided by operating activities was due to a decrease in net income before non-cash charges, partially offset by a net favorable change related to our operating assets and liabilities, including our working capital, as compared to the prior fiscal year. The net favorable change related to our operating assets and liabilities, including our working capital, was primarily driven by:
- Net Cash Provided by (Used in) Investing Activities. Net cash provided by investing activities was $702.1 million during Fiscal 2020, as compared to net cash used in investing activities of $879.3 million during Fiscal 2019. The $1.581 billion net increase in cash provided by investing activities was primarily driven by:
- In response to the COVID-19 pandemic, we are temporarily postponing non-critical capital expenditures as a preemptive action to preserve cash and strengthen our liquidity. However, we remain committed to expanding and renovating our global store fleet and investing in our digital ecosystem.
Content analysis
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Readability |
H.S. senior Avg
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New words:
adding, Award, back, Certificate, Certification, CFR, Cliff, compensatory, document, duly, embedded, Exhibit, Extension, flagship, friction, HAMILTON, herewith, Inline, instance, JANE, Linkbase, met, month, NIELSEN, Schema, Scope, slight, SOFR, Southeast, Taxonomy, thereunto, toNine, toThree, undersigned, withdrew, XBRL
Removed:
deadline, exist, exit, FC, improvement, outbreak, PP, sentiment, Unregistered, withdrawal
Financial reports
10-Q
2021 Q3
Quarterly report
4 Feb 21
10-Q
2021 Q2
Quarterly report
5 Nov 20
10-Q
2021 Q1
Quarterly report
4 Aug 20
10-K
2020 FY
Annual report
27 May 20
10-Q
2020 Q3
Quarterly report
6 Feb 20
10-Q
2020 Q2
Quarterly report
7 Nov 19
10-Q
2020 Q1
Quarterly report
1 Aug 19
10-K
2019 FY
Annual report
16 May 19
10-Q
2019 Q3
Quarterly report
7 Feb 19
10-Q
2019 Q2
Quarterly report
8 Nov 18
Current reports
8-K
Ralph Lauren Reports Third Quarter Fiscal 2021 Results
4 Feb 21
8-K
Ralph Lauren Reports Second Quarter Fiscal 2021 Results
29 Oct 20
8-K
Ralph Lauren Announces Appointment of Valerie Jarrett to Board of Directors
20 Oct 20
8-K
Ralph Lauren Announces Strategic Steps to Re-organize Its Business for Future Growth
22 Sep 20
8-K
Submission of Matters to a Vote of Security Holders
5 Aug 20
8-K
Ralph Lauren Reports First Quarter Fiscal 2021 Results
4 Aug 20
8-K
Ralph Lauren Announces Participation in Evercore ISI Virtual Consumer & Retail Summit
17 Jun 20
8-K
Entry into a Material Definitive Agreement
3 Jun 20
8-K
Ralph Lauren Reports Fourth Quarter and Full Year Fiscal 2020 Results
27 May 20
8-K
Ralph Lauren Corporation Provides Business Update on COVID-19
6 Apr 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
2 Jun 20
FWP
Free writing prospectus
1 Jun 20
424B5
Prospectus supplement for primary offering
1 Jun 20
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Aug 19
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Aug 19
S-8
Registration of securities for employees
1 Aug 19
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Aug 19
424B5
Prospectus supplement for primary offering
8 Aug 18
FWP
Free writing prospectus
7 Aug 18
424B5
Prospectus supplement for primary offering
7 Aug 18
Proxies
DEF 14A
Definitive proxy
18 Jun 20
DEFA14A
Additional proxy soliciting materials
18 Jun 20
DEFA14A
Additional proxy soliciting materials
21 Jun 19
DEF 14A
Definitive proxy
21 Jun 19
DEF 14A
Definitive proxy
20 Jun 18
DEFA14A
Additional proxy soliciting materials
20 Jun 18
DEF 14A
Definitive proxy
28 Jun 17
DEFA14A
Additional proxy soliciting materials
28 Jun 17
DEF 14A
Definitive proxy
28 Jun 16
DEFA14A
Additional proxy soliciting materials
28 Jun 16
Other
SD
Conflict minerals disclosure
29 May 20
UPLOAD
Letter from SEC
9 Sep 19
CORRESP
Correspondence with SEC
15 Aug 19
UPLOAD
Letter from SEC
11 Aug 19
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
24 May 17
SD
Conflict minerals disclosure
25 May 16
SD
Conflict minerals disclosure
28 May 15
UPLOAD
Letter from SEC
22 Sep 14
Ownership
4
RALPH LAUREN / Andrew Howard Smith ownership change
9 Apr 21
4
RALPH LAUREN / Jane Nielsen ownership change
2 Apr 21
4
RALPH LAUREN / Andrew Howard Smith ownership change
29 Mar 21
4/A
RALPH LAUREN / Patrice Louvet ownership change
26 Feb 21
4
RALPH LAUREN / Andrew Howard Smith ownership change
26 Feb 21
4
RALPH LAUREN / Patrice Louvet ownership change
26 Feb 21
SC 13G/A
RALPH LAUREN / STATE STREET ownership change
16 Feb 21
SC 13G/A
RALPH LAUREN / LAUREN RALPH ownership change
12 Feb 21
SC 13G/A
RALPH LAUREN / RENAISSANCE TECHNOLOGIES ownership change
10 Feb 21
SC 13G/A
RALPH LAUREN / VANGUARD ownership change
10 Feb 21
Transcripts
2021 Q3
Earnings call transcript
4 Feb 21
2021 Q2
Earnings call transcript
29 Oct 20
2021 Q1
Earnings call transcript
4 Aug 20
2020 Q4
Earnings call transcript
27 May 20
2020 Q3
Earnings call transcript
4 Feb 20
2020 Q2
Earnings call transcript
7 Nov 19
2020 Q1
Earnings call transcript
30 Jul 19
2019 Q4
Earnings call transcript
14 May 19
2019 Q3
Earnings call transcript
5 Feb 19
2019 Q2
Earnings call transcript
6 Nov 18
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