Ralph Lauren Corporation (RL) has risen sharply, recording gains of 8.49% in the past 4 weeks. However, the stock has corrected -2.3% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.72% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.39% and the fifty day Moving Average is 8.34%. Ralph Lauren Corporation is up 13.78% in the last three month period. Year-to-Date the stock performance stands at -3.49%.
Ralph Lauren Corporation (RL) : The most positive equity analysts on Ralph Lauren Corporation (RL) expects the shares to touch $115, whereas, the least positive believes that the stock will trade at $89 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $101.82 with an expected fluctuation of $9.67 from the mean.
Ralph Lauren Corporation (NYSE:RL): On Fridays trading session , Opening price of the stock was $107.14 with an intraday high of $108.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $106.03. However, the stock managed to close at $106.42, a loss of 0.63% for the day. On the previous day, the stock had closed at $107.09. The total traded volume of the day was 460,084 shares.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates in three segments: Wholesale, Retail and Licensing. Wholesale business, representing approximately 46% of net revenues as of fiscal year ended March 28, 2015 (Fiscal 2015), consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel, which includes Companys retail stores, concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements, under which the Company license 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 and fragrances.