The stock of Ralph Lauren Corp (NYSE:RL) is a huge mover today! About 294,066 shares traded hands. Ralph Lauren Corp (NYSE:RL) has risen 4.16% since March 3, 2016 and is uptrending. It has underperformed by 4.19% the S&P500.
The move comes after 9 months positive chart setup for the $8.32 billion company. It was reported on Oct, 6 by Barchart.com. We have $128.13 PT which if reached, will make NYSE:RL worth $2.16 billion more.
Analysts await Ralph Lauren Corp (NYSE:RL) to report earnings on November, 3. They expect $1.79 EPS, down 3.76% or $0.07 from last year’s $1.86 per share. RL’s profit will be $146.45M for 14.20 P/E if the $1.79 EPS becomes a reality. After $1.06 actual EPS reported by Ralph Lauren Corp for the previous quarter, Wall Street now forecasts 68.87% EPS growth.
Ralph Lauren Corp (NYSE:RL) Ratings Coverage
Out of 21 analysts covering Polo Ralph Lauren Corporation (NYSE:RL), 8 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 38% are positive. Polo Ralph Lauren Corporation has been the topic of 41 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Tuesday, August 4 with “Hold”. UBS maintained Ralph Lauren Corp (NYSE:RL) rating on Friday, February 5. UBS has “Buy” rating and $118 price target. As per Monday, August 3, the company rating was maintained by UBS. The rating was initiated by BB&T Capital with “Buy” on Friday, May 20. As per Monday, October 12, the company rating was initiated by Telsey Advisory Group. The stock of Ralph Lauren Corp (NYSE:RL) earned “Neutral” rating by Bank of America on Wednesday, June 8. The stock of Ralph Lauren Corp (NYSE:RL) has “Buy” rating given on Thursday, September 29 by CLSA. Goldman Sachs maintained it with “Buy” rating and $120 target price in Thursday, August 11 report. The stock has “Outperform” rating given by Telsey Advisory Group on Wednesday, June 8. The firm earned “Outperform” rating on Thursday, August 11 by Telsey Advisory Group.
According to Zacks Investment Research, “Ralph Lauren Corporation is engaged in designing, marketing, and distributing men’s, women’s and children’s apparel, accessories, fragrances, and home furnishings. Its operations include Wholesale, Retail and Licensing. It offers its products under the Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Women’s Collection, Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Rugby, Ralph Lauren Childrenswear, American Living, Chaps, and Club Monaco brand names. Ralph Lauren Corporation, formerly known as Polo Ralph Lauren Corporation, is based in New York, New York.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.04, from 1.14 in 2016Q1. The ratio is negative, as 54 funds sold all Ralph Lauren Corp shares owned while 118 reduced positions. 54 funds bought stakes while 135 increased positions. They now own 50.94 million shares or 2.10% less from 52.04 million shares in 2016Q1.
Glenmede Tru Co Na owns 102,023 shares or 0.06% of their US portfolio. Qcm Cayman Limited owns 2,336 shares or 0.09% of their US portfolio. Deere & Company holds 0.02% or 4,212 shares in its portfolio. Ubs Asset Management Americas Inc last reported 0.01% of its portfolio in the stock. The Indiana-based First Fincl In has invested 0.01% in Ralph Lauren Corp (NYSE:RL). Credit Suisse Ag last reported 0.02% of its portfolio in the stock. Contrarius Investment Management holds 0.26% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 34,566 shares. Renaissance Techs Llc accumulated 0.12% or 728,300 shares. Pggm Invests accumulated 361,894 shares or 0.17% of the stock. Thrivent Financial For Lutherans last reported 46,280 shares in the company. The Georgia-based Advisory Service Ntwk Lc has invested 0% in Ralph Lauren Corp (NYSE:RL). Cap Ww Investors accumulated 0.02% or 681,096 shares. Gmt holds 0.41% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 187,500 shares. Highlander Capital Management has 0.07% invested in the company for 800 shares. Princeton Alpha Mngmt Limited Partnership, a New Jersey-based fund reported 13,753 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 2 insider sales for $515,224 net activity. Lauren David R. sold $437,438 worth of Ralph Lauren Corp (NYSE:RL) on Thursday, June 16. FLEISHMAN JOEL LAWRENCE had sold 811 shares worth $77,786 on Friday, June 10.
More important recent Ralph Lauren Corp (NYSE:RL) news were published by: Bloomberg.com which released: “Prada, Ralph Lauren Lose Ground in Brand Ranking as Tech Rules” on October 05, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Mondelez Internationa, Ralph Lauren and Dillard’s”, Benzinga.com published: “Ralph Lauren’s ‘Way Forward’ Plan Should Yield Way Higher Earnings” on September 29, 2016. More interesting news about Ralph Lauren Corp (NYSE:RL) was released by: Nasdaq.com and their article: “Ralph Lauren Corporation (RL) Ex-Dividend Date Scheduled for September 28, 2016” with publication date: September 27, 2016.
RL Company Profile
Ralph Lauren Corporation, incorporated on March 20, 1997, is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Firm operates in three divisions: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to clients through retail channel, which includes Company’s’ retail stores, concession shop-within-shops and e-commerce activities around the world. Licensing business consists of royalty arrangements, under which the Company licenses 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, fragrances and home furnishings.
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