Markets
RL

Ralph Lauren Corporation (RL) Catches Eye: Stock Surges 13.6%

Ralph Lauren Corporation ( RL ) was a big mover last session, as the company saw its shares surge nearly 14% on the day. Yesterday it was announced that Ralph Lauren will step down as Chief Executive Officer ("CEO") of his namesake fashion brand and pass the reins over to Stefan Larsson, Global President of The Gap Inc.'s ( GAP ) Old Navy brand. This led to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the price range of $104.05 to $114.60 in the past one-month time frame.

In the last 7 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.

Ralph Lauren currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Is RL going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

RALPH LAUREN CP (RL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

RL

Other Topics

Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More