Analyst Christopher Nardone from Bank of America Securities reiterated a Buy rating on Ralph Lauren (RL – Research Report) and increased the price target to $328.00 from $318.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Christopher Nardone has given his Buy rating due to a combination of factors including Ralph Lauren’s strong financial performance and strategic initiatives. The company reported impressive fourth-quarter results, with adjusted earnings per share surpassing expectations, driven by robust sales growth across all major regions. This performance has bolstered confidence in the sustainability of Ralph Lauren’s market share gains.
Additionally, Ralph Lauren’s management has announced a significant increase in its dividend and share repurchase program, reflecting a commitment to returning value to shareholders. The company’s prudent revenue guidance and strategic pricing actions further support its strong market position. Despite potential challenges such as tariffs and input costs, Ralph Lauren’s brand strength and diverse product offerings position it well for future growth, justifying the increased price objective and Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $321.00 price target.
RL’s price has also changed moderately for the past six months – from $212.150 to $277.420, which is a 30.77% increase.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue