Ralph Lauren Corporation (RL) has been under a strong bear grip, hence the stock is down -1.5% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.06% in the past 1 week. The stock has risen by 1.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.02% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 0.03%.The 200 Day SMA reached 4.3%
Ralph Lauren Corporation (NYSE:RL): After opening at $100.36, the stock dipped to an intraday low of $100.015 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $101.84 and the buying power remained strong till the end. The stock closed at $101.14 for the day, a gain of 1.50% for the day session. The total traded volume was 969,414. The stocks close on the previous trading day was $101.14.
Ralph Lauren Corporation (RL) : The highest level Ralph Lauren Corporation (RL) is projected to reach is $125 for the short term and the lowest estimate is at $89. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $105.23 and the possibility the share price can swing is $11.71.
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.