Ralph Lauren Corporation (RL) has risen sharply, recording gains of 7.48% in the past 4 weeks. However, the stock has corrected -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 7.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 4.08%.The 200 Day SMA reached 3.99%. Ralph Lauren Corporation is up 7.78% in the last 3-month period. Year-to-Date the stock performance stands at -6.39%.
Ralph Lauren Corporation (NYSE:RL): The stock opened in the green at $103.5 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $104.35 and a low of $102.68 for the day. The stock did not find buyers even at the lows and closed at $103.23 recording a loss of -0.29%. 789,067 shares exchanged hands during the trading day. The stock had closed at $103.53 in the previous days trading.
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.