Ralph Lauren Corporation (RL) : Traders are bullish on Ralph Lauren Corporation (RL) as it has outperformed the S&P 500 by a wide margin of 8.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.64% in the last 1 week, and is up 9.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10% and the 50-Day Moving Average is 13.39%. Ralph Lauren Corporation (NYSE:RL): On Fridays trading session , Opening price of the stock was $108.21 with an intraday high of $109.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $107.18. However, the stock managed to close at $108.19, a loss of 0.47% for the day. On the previous day, the stock had closed at $108.7. The total traded volume of the day was 1,339,071 shares.
The company Insiders own 32.44% of Ralph Lauren Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.32% . Institutional Investors own 64.51% of Ralph Lauren Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -4.32%. Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Ralph Lauren Corporation (NYSE:RL). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Goldman Sachs raises the price target from $113 per share to $120 per share. The rating by the firm was issued on August 11, 2016.
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.