November 29, 2016 - By Richard Conner · 0 Comments
Ralph Lauren Corp (NYSE:RL) institutional sentiment decreased to 0.87 in 2016 Q2. Its down -0.23, from 1.1 in 2016Q1. The ratio dived, as 189 hedge funds opened new or increased holdings, while 172 sold and decreased their holdings in Ralph Lauren Corp. The hedge funds in our partner’s database now hold: 50.94 million shares, down from 52.04 million shares in 2016Q1. Also, the number of hedge funds holding Ralph Lauren Corp in their top 10 holdings increased from 0 to 2 for an increase of 2. Sold All: 54 Reduced: 118 Increased: 135 New Position: 54.
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 has a market cap of $9.09 billion. The Firm operates through three divisions: Wholesale, Retail and Licensing. It has a 48.2 P/E ratio. Wholesale business consists of sales made to department stores and specialty stores around the world.
The stock decreased 1.12% or $1.26 during the last trading session, hitting $110.91. Ralph Lauren Corp (NYSE:RL) has risen 16.78% since April 26, 2016 and is uptrending. It has outperformed by 11.52% the S&P500.
Analysts await Ralph Lauren Corp (NYSE:RL) to report earnings on February, 2. They expect $1.66 EPS, down 26.87% or $0.61 from last year’s $2.27 per share. RL’s profit will be $136.05 million for 16.70 P/E if the $1.66 EPS becomes a reality. After $1.90 actual EPS reported by Ralph Lauren Corp for the previous quarter, Wall Street now forecasts -12.63% negative EPS growth.
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.”
Zuckerman Investment Group Llc holds 3.6% of its portfolio in Ralph Lauren Corp for 150,430 shares. Clearline Capital Lp owns 179,303 shares or 3.19% of their US portfolio. Moreover, Hoplite Capital Management L.P. has 2.53% invested in the company for 570,338 shares. The Tennessee-based Southeastern Asset Management Inc Tn has invested 2.5% in the stock. Euclidean Technologies Management Llc, a New York-based fund reported 21,721 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 sales for $515,224 net activity.
Ratings analysis reveals 38% of Polo Ralph Lauren Corporation’s analysts are positive. Out of 21 Wall Street analysts rating Polo Ralph Lauren Corporation, 8 give it “Buy”, 0 “Sell” rating, while 13 recommend “Hold”. The lowest target is $85 while the high is $160. The stock’s average target of $111.86 is 0.86% above today’s ($110.91) share price. RL was included in 41 notes of analysts from August 6, 2015. The firm has “Buy” rating given on Thursday, August 11 by Goldman Sachs. The rating was maintained by UBS with “Buy” on Friday, November 6. The firm has “Hold” rating by Brean Capital given on Thursday, August 11. Telsey Advisory Group initiated Ralph Lauren Corp (NYSE:RL) on Monday, October 12 with “Outperform” rating. Citigroup upgraded it to “Neutral” rating and $125 target price in Thursday, September 24 report. UBS maintained it with “Neutral” rating and $137 target price in Monday, August 3 report. UBS maintained the stock with “Buy” rating in Wednesday, May 11 report. Citigroup maintained Ralph Lauren Corp (NYSE:RL) on Wednesday, June 8 with “Buy” rating. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 11 report. The stock of Ralph Lauren Corp (NYSE:RL) earned “Neutral” rating by Piper Jaffray on Monday, August 3.
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.
More important recent Ralph Lauren Corp (NYSE:RL) news were published by: Nasdaq.com which released: “Earnings Reaction History: Ralph Lauren Corporation, 40.0% Follow-Through …” on November 10, 2016, also Seekingalpha.com published article titled: “Ralph Lauren: An Undervalued Fashion Giant”, Miamiherald.com published: “Ralph Lauren tops 2Q profit forecasts” on November 10, 2016. More interesting news about Ralph Lauren Corp (NYSE:RL) was released by: Etfdailynews.com and their article: “Ralph Lauren Maintains Outlook As Q2 Earnings Beat Expectations” with publication date: November 10, 2016.
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By Richard Conner