After Today’s Bearish Options Activity, Is Ralph Lauren Corp’s Near-Term Analysis Positive?

 After Today's Bearish Options Activity, Is Ralph Lauren Corp's Near Term Analysis Positive?

In today’s session Ralph Lauren Corp (RL) recorded an unusually high (507) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious RL decrease. With 507 contracts traded and 11884 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: RL161021P00090000 closed last at: $0.3 or 33.3% down. The stock decreased 0.63% or $0.64 during the last trading session, hitting $100.29. About 572,917 shares traded hands. Ralph Lauren Corp (NYSE:RL) has risen 7.73% since March 1, 2016 and is uptrending. It has underperformed by 1.51% the S&P500.

Analysts await Ralph Lauren Corp (NYSE:RL) to report earnings on November, 3. They expect $1.79 EPS, down 3.76% or $0.07 from last year’s $1.86 per share. RL’s profit will be $146.89 million for 14.01 P/E if the $1.79 EPS becomes a reality. After $1.06 actual EPS reported by Ralph Lauren Corp for the previous quarter, Wall Street now forecasts 68.87% EPS growth.

Ralph Lauren Corp (NYSE:RL) Ratings Coverage

Out of 21 analysts covering Polo Ralph Lauren Corporation (NYSE:RL), 8 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 38% are positive. Polo Ralph Lauren Corporation has been the topic of 41 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Cowen & Co on Thursday, August 6. On Friday, November 6 the stock rating was maintained by UBS with “Buy”. Goldman Sachs maintained the stock with “Buy” rating in Thursday, August 11 report. The stock of Ralph Lauren Corp (NYSE:RL) has “Neutral” rating given on Wednesday, June 8 by Credit Suisse. The rating was maintained by UBS with “Buy” on Friday, February 5. On Monday, February 8 the stock rating was downgraded by Atlantic Securities to “Neutral”. The company was maintained on Thursday, August 11 by Deutsche Bank. On Thursday, September 29 the stock rating was initiated by CLSA with “Buy”. The rating was maintained by Telsey Advisory Group on Thursday, August 11 with “Outperform”. Telsey Advisory Group initiated Ralph Lauren Corp (NYSE:RL) rating on Monday, October 12. Telsey Advisory Group has “Outperform” rating and $142 price target.

Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.04, from 1.14 in 2016Q1. The ratio worsened, as 54 funds sold all Ralph Lauren Corp shares owned while 118 reduced positions. 54 funds bought stakes while 135 increased positions. They now own 50.94 million shares or 2.10% less from 52.04 million shares in 2016Q1.
Kornitzer Mgmt Ks accumulated 0.05% or 30,110 shares. Jefferies Gp has 0% invested in the company for 3,939 shares. Fifth Third Fincl Bank holds 0% or 15 shares in its portfolio. Creative Planning accumulated 0% or 5,351 shares. Royal Bancorp Of Canada accumulated 0% or 85,785 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,162 shares or 0.01% of its portfolio. Fiera last reported 12,818 shares in the company. Blackrock Fund Advsrs accumulated 0.02% or 884,608 shares. World Asset Incorporated accumulated 0.02% or 6,122 shares. Ing Groep Nv has 3,916 shares for 0% of their US portfolio. Bnp Paribas Arbitrage has 78,688 shares for 0.03% of their US portfolio. The Illinois-based Ubs Asset Mngmt Americas Incorporated has invested 0.01% in Ralph Lauren Corp (NYSE:RL). Prudential Financial owns 81,876 shares or 0.01% of their US portfolio. Cubist Systematic Strategies Lc holds 0.02% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 3,005 shares. Moreover, First Republic Inc has 0.01% invested in Ralph Lauren Corp (NYSE:RL) for 6,784 shares.

Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 2 sales for $515,224 net activity. Lauren David R. sold 4,668 shares worth $437,438. FLEISHMAN JOEL LAWRENCE had sold 811 shares worth $77,786 on Friday, June 10.

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 $8.23 billion. The Firm operates through three divisions: Wholesale, Retail and Licensing. It has a 27.7 P/E ratio. Wholesale business consists of sales made to department stores and specialty stores around the world.

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