** Shares of Ralph Lauren RL.N down 2.3% at $308.54 ahead of investor day event
** Co reiterates annual forecasts, projects revenue to increase at a compound annual growth rate of mid-single digits and operating margin to expand about 100 to 150 basis points over next three years
** "Perhaps expectations were elevated"- Consumer Edge analyst Michael Gunther
** "The holidays are a sweet spot for Ralph Lauren’s ‘attainable luxury’ positioning, but traffic from seasonal discounting may come at the cost of profitability. And I think it is that trade-off that investors are pricing into the stock right now"- Suzy Davidkhanian, eMarketer
** Including session moves, stock has risen 33.7% YTD, and had rallied to a record high of $321.77 earlier this month