Quantbot Technologies LP acquired a new position in Ralph Lauren Corporation during the third quarter worth about $110,000.
Ralph Lauren Corp closed down -1.06 points or -1.20% at $87.37 with 21,74,739 shares getting traded on Wednesday.
Ralph Lauren shares, which have fallen more than 20 per cent in the past year, dropped more than 11 per cent Thursday.
Company latest quarter ended on 31 Oct 2016. American Century Companies Inc. boosted its position in Ralph Lauren Corporation by 18.6% in the second quarter. Itau Unibanco Holding S.A. acquired a new position in Ralph Lauren Corporation during the third quarter worth about $149,000.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.46 percent. Its market cap is now at $6.3 billion.
Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Thursday, February 2nd. The company has recorded a 50-day moving average of $88.79 and a 200-day moving average of $99.28.
RALPH LAUREN CORPORATION (RL) received consensus recommendation of "Hold" from Analysts polled at Thomson Reuters.
Ralph Lauren Corporation (NYSE:RL) registered a -12.32% decrease, still its new closing price is -4.71% up from the company's 1 year high of 113.38.It posted -14.89% losses in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. The company now has a Return on Equity (ROE) of 5.30% and a Return on Investment (ROI) of 9.00%. For the Current Quarter, 14 analysts are projecting the mean EPS to be $1.86/share.
Earnings Surprise: According to the earnings report released for Quarter Ending_Sep-16, The Company posted actual earnings of $1.90 per share whereas the Analysts projected earnings were $1.71 per share. Analysts have placed a $103.89 price target on Ralph Lauren Corporation, suggesting a 35.61% gain from recent close.
"The incremental revenue obscurity from deterioration in USA end-markets recently, plus the sudden CEO departure... significantly increases the risk to our top-line forecasts, and offsets much of the EPS opportunity from improving margins that were [the] underpinnings of our buy rating", the note said.
While taking a glance at financials, we can look at a number of key indicators about Ralph Lauren Corporation's (RL). The stock gained a consensus recommendation of 2.73 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $35.60 on company shares.
RL's Relative Strength Index is below the level 30 at 20.0763. Analysts mean target price for Gevo, Inc. Goldman Sachs Group, Inc. Ralph Lauren Corporation got Downgrade on 2-Feb-17 where investment firm Citigroup Downgrade the stock from Buy to Neutral. The most optimistic analyst sees the stock reaching $121.00 while the most conventional predicts the target price at $52.00.
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.