Ralph Lauren stock sheds 5% and underperforms market
Updated
Updated · MarketWatch · May 7
Ralph Lauren stock sheds 5% and underperforms market
6 articles · Updated · MarketWatch · May 7
Shares closed at $353.55 on Thursday, while the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
The decline snapped a two-day winning streak and left the stock 10.13% below its 52-week high of $393.41 reached on 21 April.
Ralph Lauren's performance was mixed against peers: VF fell 1.8%, Tapestry slid 12.3% and Levi Strauss lost 1.22%, as trading volume topped its 50-day average.
With conflicting analyst signals before its earnings, is Ralph Lauren's premium stock valuation at risk?
As the secondhand market booms, can Ralph Lauren's luxury strategy win over the next generation of shoppers?