Ralph Lauren Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

 Ralph Lauren Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Ralph Lauren Corp (RL) recorded an unusually high (257) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious RL decrease. With 257 contracts traded and 4044 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: RL180119P00080000 closed last at: $7.3 or 4.3% up. About 198,271 shares traded hands. Ralph Lauren Corp (NYSE:RL) has risen 1.70% since March 29, 2016 and is uptrending. It has underperformed by 1.77% 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 $147.65M for 13.72 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. $160 is the highest target while $85 is the lowest. The $111.86 average target is 13.91% above today’s ($98.2) stock price. Polo Ralph Lauren Corporation has been the topic of 41 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 4 report. The stock of Ralph Lauren Corp (NYSE:RL) earned “Buy” rating by Standpoint Research on Wednesday, January 20. On Thursday, October 29 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. On Wednesday, June 8 the stock rating was upgraded by Bank of America to “Neutral”. BB&T Capital initiated the stock with “Buy” rating in Friday, May 20 report. The rating was maintained by UBS with “Buy” on Friday, November 6. The stock of Ralph Lauren Corp (NYSE:RL) has “Neutral” rating given on Monday, February 8 by Atlantic Securities. The stock of Ralph Lauren Corp (NYSE:RL) earned “Neutral” rating by Piper Jaffray on Monday, August 3. UBS maintained Ralph Lauren Corp (NYSE:RL) on Wednesday, May 11 with “Buy” rating. Telsey Advisory Group maintained Ralph Lauren Corp (NYSE:RL) rating on Friday, November 6. Telsey Advisory Group has “Outperform” rating and $150 price target.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.04, from 1.14 in 2016Q1. The ratio fall, 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.
Advantus Management accumulated 5,470 shares or 0.01% of the stock. Susquehanna Llp has 0% invested in the company for 73,981 shares. Independent Consultants reported 12,785 shares or 0.36% of all its holdings. Nordea Inv has invested 0% of its portfolio in Ralph Lauren Corp (NYSE:RL). Allianz Asset Management Ag accumulated 362,322 shares or 0.02% of the stock. Jensen Investment Mngmt holds 4,600 shares or 0.01% of its portfolio. Keeley Asset Corporation last reported 0.04% of its portfolio in the stock. Plante Moran Fin Advisors Lc has invested 0% of its portfolio in Ralph Lauren Corp (NYSE:RL). Blackrock Institutional Tru Na has invested 0.02% of its portfolio in Ralph Lauren Corp (NYSE:RL). Daiwa Securities accumulated 0% or 1,400 shares. Amica Pension Fund Board Of Trustees holds 0.01% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 841 shares. Mitsubishi Ufj Trust Banking, a Japan-based fund reported 118,569 shares. Peak6 Invs Limited Partnership accumulated 64,333 shares or 0.04% of the stock. Moreover, Seven Eight Cap Limited Liability Corp has 0.03% invested in Ralph Lauren Corp (NYSE:RL) for 949 shares. Glob Thematic Ltd Liability owns 281,393 shares or 0.62% of their US portfolio.

Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 2 sales for $515,224 net activity. Lauren David R. sold $437,438 worth of stock. Shares for $77,786 were sold by FLEISHMAN JOEL LAWRENCE.

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 $8.10 billion. The Firm operates through three divisions: Wholesale, Retail and Licensing. It has a 27.12 P/E ratio. Wholesale business consists of sales made to department stores and specialty stores around the world.

RL Company Profile

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 recent Ralph Lauren Corp (NYSE:RL) news were published by: Reuters.com which released: “BRIEF-Ralph Lauren Corp announces David Lauren’s new role as chief innovat…” on October 07, 2016. Also Investorplace.com published the news titled: “Why Frontier Communications Corp (FTR), Gap Inc (GPS) and Ralph Lauren Corp …” on October 07, 2016. Bloomberg.com‘s news article titled: “Ralph Lauren Promotes Founder’s Son to Help Make Brand Hip Again” with publication date: October 07, 2016 was also an interesting one.

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