Time to Buy Ralph Lauren Corp After Today’s Option Traders Bet?

 Time to Buy Ralph Lauren Corp After Today's Option Traders Bet?

In today’s session Ralph Lauren Corp (RL) registered an unusually high (600) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious RL increase. With 600 contracts traded and 3424 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: RL170120C00120000 closed last at: $1.95 or 50% up. The stock decreased 1.02% or $1.16 on November 23, hitting $112.52. About 560,513 shares traded hands. Ralph Lauren Corp (NYSE:RL) has risen 19.73% since April 22, 2016 and is uptrending. It has outperformed by 14.32% the S&P500.

Analysts await Ralph Lauren Corp (NYSE:RL) to report earnings on February, 2. They expect $1.66 EPS, down 26.87% or $0.61 from last year’s $2.27 per share. RL’s profit will be $140.30 million for 16.95 P/E if the $1.66 EPS becomes a reality. After $1.90 actual EPS reported by Ralph Lauren Corp for the previous quarter, Wall Street now forecasts -12.63% negative 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 -0.59% below today’s ($112.52) stock price. Polo Ralph Lauren Corporation has been the topic of 41 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained the shares of RL in a report on Wednesday, June 8 with “Outperform” rating. Citigroup maintained Ralph Lauren Corp (NYSE:RL) on Thursday, August 11 with “Buy” rating. Brean Capital maintained the shares of RL in a report on Thursday, August 11 with “Hold” rating. The stock of Ralph Lauren Corp (NYSE:RL) has “Outperform” rating given on Monday, October 12 by Telsey Advisory Group. The rating was downgraded by Miller Tabak on Wednesday, June 8 to “Hold”. As per Thursday, August 6, the company rating was maintained by Cowen & Co. On Thursday, September 29 the stock rating was initiated by CLSA with “Buy”. On Wednesday, September 30 the stock rating was upgraded by UBS to “Buy”. The rating was maintained by Goldman Sachs on Thursday, August 11 with “Buy”. Piper Jaffray maintained the shares of RL in a report on Monday, August 3 with “Neutral” rating.

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 0.87 in 2016 Q2. Its down 0.23, from 1.1 in 2016Q1. The ratio dropped, 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.
Ontario Teachers Pension Plan Board owns 5,247 shares or 0.01% of their US portfolio. Deutsche Financial Bank Ag accumulated 579,975 shares or 0.04% of the stock. Exane Derivatives has invested 0% of its portfolio in Ralph Lauren Corp (NYSE:RL). Moreover, Patten Gp Inc has 0% invested in Ralph Lauren Corp (NYSE:RL) for 50 shares. The United Kingdom-based Barclays Public Limited has invested 0.01% in Ralph Lauren Corp (NYSE:RL). Moreover, Vgi Partners Pty has 0.84% invested in Ralph Lauren Corp (NYSE:RL) for 32,239 shares. Dekabank Deutsche Girozentrale holds 0.05% or 54,472 shares in its portfolio. Hsbc Hldgs Pcl has invested 0.02% of its portfolio in Ralph Lauren Corp (NYSE:RL). Moreover, Raymond James Svcs Advsr has 0% invested in Ralph Lauren Corp (NYSE:RL) for 3,496 shares. Southeastern Asset Mngmt Tn accumulated 2.5% or 2.74 million shares. The California-based Ivory Investment Mgmt Ltd Liability Company has invested 0.61% in Ralph Lauren Corp (NYSE:RL). Contrarius Invest has invested 0.26% of its portfolio in Ralph Lauren Corp (NYSE:RL). Schwab Charles Investment holds 0.02% of its portfolio in Ralph Lauren Corp (NYSE:RL) for 190,364 shares. Citigroup Inc accumulated 86,077 shares or 0.01% of the stock. The United Kingdom-based Marshall Wace Llp has invested 0.02% in Ralph Lauren Corp (NYSE:RL).

Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 2 insider sales for $515,224 net activity. On Friday, June 10 FLEISHMAN JOEL LAWRENCE sold $77,786 worth of the stock or 811 shares. 4,668 shares were sold by Lauren David R., worth $437,438 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 $9.51 billion. The Firm operates through three divisions: Wholesale, Retail and Licensing. It has a 48.9 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: “Earnings Reaction History: Ralph Lauren Corporation, 40.0% Follow-Through …” on November 10, 2016. Also Miamiherald.com published the news titled: “Ralph Lauren tops 2Q profit forecasts” on November 10, 2016. Etfdailynews.com‘s news article titled: “Ralph Lauren Maintains Outlook As Q2 Earnings Beat Expectations” with publication date: November 10, 2016 was also an interesting one.

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