There Is Clear Momentum For Ralph Lauren Corp (NYSE: RL)

Ralph Lauren Corp (RL) concluded trading on Thursday at a closing price of $171.85, with 4.43 million shares of worth about $760.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.75% during that period and on Thursday the price saw a gain of about 16.79%. Currently the company’s common shares owned by public are about 40.70M shares, out of which, 39.03M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 65 times over the past 12 months. They bought 96,804 shares in 45 of the transactions. In 20 selling transactions, insiders dumped 191,224 shares.

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Stock saw a price change of 17.42% in past 5 days and over the past one month there was a price change of 20.08%. Year-to-date (YTD), RL shares are showing a performance of 19.17% which increased to 40.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $103.17 but also hit the highest price of $148.84 during that period. The average intraday trading volume for Ralph Lauren Corp shares is 794.44K. The stock is currently trading 20.55% above its 20-day simple moving average (SMA20), while that difference is up 22.57% for SMA50 and it goes to 39.37% higher than SMA200.

Ralph Lauren Corp (NYSE: RL) currently have 40.70M outstanding shares and institutions hold larger chunk of about 63.91% of that.

The stock has a current market capitalization of $11.22B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 19.50, while it has posted earnings per share of $8.81 in the same period. Its PEG reads 1.56 and has Quick Ratio of 1.54 while making debt-to-equity ratio of 1.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RL, volatility over the week remained 3.21% while standing at 2.40% over the month.

Analysts are in expectations that Ralph Lauren Corp (RL) stock would likely to be making an EPS of $3.54 in the current quarter, while forecast for next quarter EPS is $1.5 and it is $10.64 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.42 which is $3.61 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.35 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.75% while it is estimated to increase by 11.41% in next year. EPS is likely to shrink at an annualized rate of 12.52% for next 5-years, compared to annual growth of 30.87% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on December 12, 2023 offering a Neutral rating for the stock and assigned a target price range of between $107 and $132 to it.

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