|Bid||109.4100 x 100|
|Ask||109.4400 x 100|
|Day's Range||108.5900 - 110.6780|
|52 Week Range||66.0600 - 119.3300|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.00 (1.84%)|
|1y Target Est||N/A|
Ralph Lauren has been dealing with declining revenues in recent years, and as a result the company has made a concerted effort to cut back on its promotional activities.
How has Guess done so far this year? As we discussed in the corresponding part of this series, Guess (GES) was upgraded by B. Riley on Monday, February 26. The apparel and accessory retailer plunged 18% on February 1, after model and actress Kate Upton accused the company’s co-founder Paul Marciano of sexual harassment.
In fact, the fashion retailer’s gross margin has increased for the last five quarters. The company witnessed an improvement of 150 basis points in its gross margin for the first nine months of 2017 compared to the prior year’s period. Gap will likely witness another quarter of margin expansion in 4Q17.
Tapestry (TPR) reported a 43% YoY (year-over-year) rise in its fiscal 2Q18 EPS (earnings per share), which stood at $1.07 during the quarter. Fashion giant Ralph Lauren (RL), which reported its quarterly results on February 1, 2018, also delivered an earnings beat. Michael Kors (KORS), which was scheduled to report its quarterly results a day after Tapestry, was expected to post a 22% YoY fall in its EPS to $1.28.
The S&P 500 (SPX) just posted its worst week in the last two years, falling 3.8% between January 29 and February 2. As cited by Reuters, Suntrust Advisory Services chief market strategist Keith Lerner explained the reason behind the reversal of sentiments. The energy and material sectors were the worst performers in the S&P 500, falling 6.4% and 5.6% respectively.
Ralph Lauren Corp.'s price target was raised to $105 from $85 at Wells Fargo despite what analysts call "disappointing" third-quarter results. Analysts rate Ralph Lauren shares market perform. ...
Feb.23 -- David Lauren, chief innovation officer at Ralph Lauren, discusses outfitting U.S. Olympians with technically savvy parkas. He speaks with Vonnie Quinn on "Bloomberg Markets."