Ralph Lauren is trending — its stock as well as its clothes. Its stock has surged 59% since last October as it works on the right side of a long double-bottom base. On Wednesday, the IBD Relative Strength (RS) Rating for Ralph Lauren stock got a 14-point upgrade to 80, up from 66.
Ralph Lauren Stock In Top 20%
The 80 RS Rating shows that Ralph Lauren stock is in the top 20% of stocks for price performance this past year. It's notable because market research reveals that the best-performing stocks tend to have an 80 or better RS Rating as they begin their biggest climbs.
New York-based Ralph Lauren reported a 15% increase in earnings last quarter to $2.70 per share on a mild 1% hike in revenue to $1.51 billion. The prior three stanzas the company recorded a 6% dip in EPS, then a 24% rise and a 90% surge. Analyst consensus is for earnings to rise 13% this quarter.
The premium lifestyle apparel, accessories and fragrances maker also sports a terrific 92 EPS Rating, a decent 79 Composite Rating and a strong B- Accumulation/Distribution Rating on an A+ to E scale. The B- rating shows that institutions like ETFs and university funds are buying more of its shares than selling.
Highly Ranked In Its Industry Group
Ralph Lauren earns the No. 2 rank among its peers in the 30-stock Apparel-Clothing Manufacturing industry group. Gildan Activewear is the top-ranked stock in the group.
Risk Management In The Stock Market: How Much Money To Invest Now
Ralph Lauren is working on the right side of a double-bottom base that began in March, with a 190.06 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
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