Traders Purchase High Volume of Call Options on Ralph Lauren (NYSE:RL)

Ralph Lauren Corp (NYSE:RL) was the target of some unusual options trading on Thursday. Stock traders purchased 8,251 call options on the company. This represents an increase of approximately 934% compared to the typical volume of 798 call options.

NYSE:RL opened at $85.07 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $7.21 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86. The firm’s 50 day moving average is $106.00 and its 200 day moving average is $117.60. Ralph Lauren has a 12 month low of $83.50 and a 12 month high of $141.62.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Tuesday, July 30th. The textile maker reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Ralph Lauren had a net margin of 6.91% and a return on equity of 18.33%. Ralph Lauren’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. Research analysts predict that Ralph Lauren will post 7.73 earnings per share for the current year.

A number of equities analysts have recently weighed in on RL shares. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price (down previously from $155.00) on shares of Ralph Lauren in a research note on Wednesday, July 31st. Nomura cut their target price on Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. JPMorgan Chase & Co. downgraded Ralph Lauren from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. TheStreet downgraded Ralph Lauren from a “b” rating to a “c+” rating in a research note on Tuesday, May 14th. Finally, Bank of America cut their target price on Ralph Lauren from $114.00 to $108.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $131.00.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of Ralph Lauren stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $101.65, for a total transaction of $7,260,656.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 428,568 shares of company stock valued at $46,648,913 in the last quarter. Company insiders own 34.26% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. ETF Managers Group LLC increased its holdings in shares of Ralph Lauren by 9.3% in the first quarter. ETF Managers Group LLC now owns 1,293 shares of the textile maker’s stock worth $168,000 after purchasing an additional 110 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Ralph Lauren by 2.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,995 shares of the textile maker’s stock worth $648,000 after purchasing an additional 135 shares during the period. State of Wisconsin Investment Board grew its position in Ralph Lauren by 0.6% in the first quarter. State of Wisconsin Investment Board now owns 116,210 shares of the textile maker’s stock worth $15,070,000 after acquiring an additional 680 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Ralph Lauren in the first quarter worth $18,361,000. Finally, Fruth Investment Management purchased a new stake in Ralph Lauren during the first quarter valued at about $233,000. 65.51% of the stock is currently owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

Read More: Candlestick

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.