Why Shares of Ralph Lauren Are Only Rising a Bit Today
Shares of Ralph Lauren (NYSE: RL) were up modestly on Tuesday amid a broad-based rally sparked by signs that Congress is close to agreement on a massive stimulus deal.
As of 1:30 p.m. EDT, Ralph Lauren's shares were up about 6.2% from Monday's closing price.
On a day when many retailers' shares are soaring, Ralph Lauren's are merely up a bit, relatively speaking. The market is clearly cooler on the Polo giant's prospects in the coming months -- possibly because the company was early to raise concerns about the effects of the coronavirus pandemic on its business, and possibly because it has yet to address its balance sheet.
Source Fool.com