What’s in Ralph Lauren Corp After Today’s Bullish Options Activity?

 What's in Ralph Lauren Corp After Today's Bullish Options Activity?

In today’s session Ralph Lauren Corp (RL) registered an unusually high (2,521) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious RL increase. With 2,521 contracts traded and 214 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: RL161118C00101000 closed last at: $5.7 or 50% up. About 103,862 shares traded hands. Ralph Lauren Corp (NYSE:RL) has risen 17.58% since April 11, 2016 and is uptrending. It has outperformed by 11.44% the S&P500.

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 5.93% above today’s ($105.6) stock price. Polo Ralph Lauren Corporation has been the topic of 41 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co on Thursday, August 6 with “Hold”. As per Friday, November 6, the company rating was maintained by Telsey Advisory Group. The stock of Ralph Lauren Corp (NYSE:RL) has “Hold” rating given on Thursday, August 11 by Brean Capital. Guggenheim initiated the shares of RL in a report on Friday, September 30 with “Neutral” rating. The stock has “Neutral” rating given by Citigroup on Thursday, September 24. Credit Suisse maintained the shares of RL in a report on Wednesday, June 8 with “Neutral” rating. The stock of Ralph Lauren Corp (NYSE:RL) has “Hold” rating given on Wednesday, June 8 by Miller Tabak. As per Monday, February 8, the company rating was downgraded by Atlantic Securities. UBS upgraded Ralph Lauren Corp (NYSE:RL) on Wednesday, September 30 to “Buy” rating. The rating was initiated by Standpoint Research with “Buy” on Wednesday, January 20.

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 dived, 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.
Moreover, Artemis Management Limited Liability Partnership has 0.18% invested in Ralph Lauren Corp (NYSE:RL) for 120,000 shares. Northern Tru Corporation holds 0.02% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 603,447 shares. The New York-based South Street Advisors Ltd Liability has invested 0.17% in Ralph Lauren Corp (NYSE:RL). Tci Wealth Advisors Incorporated owns 14 shares or 0% of their US portfolio. Lingohr And Partner Asset Management Gmbh owns 4,827 shares or 0.44% of their US portfolio. Moreover, Verition Fund Lc has 0.04% invested in Ralph Lauren Corp (NYSE:RL) for 3,286 shares. The Ontario – Canada-based Td Asset Inc has invested 0.01% in Ralph Lauren Corp (NYSE:RL). River Road Asset Mngmt, a Kentucky-based fund reported 38,680 shares. Walleye Trading Ltd Liability has 0.01% invested in the company for 9,458 shares. California State Teachers Retirement Sys has 0.02% invested in the company for 124,017 shares. Asset Mgmt accumulated 300 shares or 0% of the stock. Engineers Gate Manager Lp holds 0.2% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 31,634 shares. Roanoke Asset Mngmt Ny has invested 0.63% of its portfolio in Ralph Lauren Corp (NYSE:RL). Bokf Na last reported 35,502 shares in the company. Euclidean Tech Mgmt Ltd Liability holds 2.09% or 21,721 shares in its portfolio.

Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 2 insider sales for $515,224 net activity. FLEISHMAN JOEL LAWRENCE sold $77,786 worth of stock. 4,668 shares with value of $437,438 were sold by Lauren David R. on Thursday, June 16.

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 $9.04 billion. The Firm operates through three divisions: Wholesale, Retail and Licensing. It has a 29.17 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: Nasdaq.com which released: “Ralph Lauren Corp. Reports 14% Fall In Q2 Bottom Line” on November 10, 2016. Also Nasdaq.com published the news titled: “Earnings Reaction History: Ralph Lauren Corporation, 40.0% Follow-Through …” on November 10, 2016. Seekingalpha.com‘s news article titled: “Ralph Lauren: 4 Reasons To Buy” with publication date: November 09, 2016 was also an interesting one.

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