Polo Ralph Lauren Rises On Unusually High Volume (RL)
Polo Ralph Lauren Corporation (NYSE:RL) is trading at unusually high volume Wednesday with 3.3 million shares changing hands. It is currently at 4 times its average daily volume and trading up $9.32 (+8.1%).
NEW YORK ( TheStreet) -- Polo Ralph Lauren Corporation (NYSE: RL) is trading at unusually high volume Wednesday with 3.3 million shares changing hands. It is currently at four times its average daily volume and trading up $9.32 (+8.1%) at $125.10 as of 3:52 p.m. ET. Polo Ralph Lauren has a market cap of $7.3 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 4.4% year to date as of the close of trading on Tuesday. Polo Ralph Lauren Corporation, together with its subsidiaries, engages in the design, marketing, and distribution of lifestyle products. The company has a P/E ratio of 20.6, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Polo Ralph Lauren as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Polo Ralph Lauren Ratings Report.