Traders Buy High Volume of Call Options on Ralph Lauren Corporation (RL)
Ralph Lauren Corporation (NYSE:RL) was the target of some unusual options trading on Tuesday. Stock investors bought 15,997 call options on the company, American Banking News.com reports. This represents an increase of 744% compared to the typical volume of 1,895 call options.
A number of research firms have recently commented on RL. Analysts at McLean Capital Management downgraded shares of Ralph Lauren Corporation from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. Separately, analysts at Morgan Stanley downgraded shares of Ralph Lauren Corporation from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, January 16th. They now have a $192.00 price target on the stock. Finally, analysts at Stephens initiated coverage on shares of Ralph Lauren Corporation in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $192.00.
Ralph Lauren Corporation (NYSE:RL) traded up 0.34% on Tuesday, hitting $154.18. The stock had a trading volume of 1,890,071 shares. Ralph Lauren Corporation has a 52-week low of $155.30 and a 52-week high of $192.03. The stock’s 50-day moving average is $168.9 and its 200-day moving average is $170.3. The company has a market cap of $13.929 billion and a P/E ratio of 19.59.
Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $2.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.20 by $0.03. The company had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.91 million. During the same quarter last year, the company posted $2.45 earnings per share. Ralph Lauren Corporation’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that Ralph Lauren Corporation will post $8.51 EPS for the current fiscal year.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (NYSE:RL), fragrances and home furnishings.
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