UBS reiterates a 'Buy' on Polo Ralph Lauren (RL); A Better Business for Longer
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Price: $161.97 --0%
Rating Summary:
17 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
Rating Summary:
17 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
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UBS reiterates a 'Buy' on Polo Ralph Lauren (NYSE: RL) price target raised by $10 to $150.
UBS analyst said, "We are raising our FY12E EPS to $7.22 (+25.5% YOY) from $6.77 due to: 1) a $0.38 EPS beat in F1Q; 2) better NT revenue trends (now forecasting 2Q revs +22% YOY vs +18.5% prev); 3) slightly better GM expectations in the NT (see below); and 4) higher FY12 EBIT margins of 15.5% (+55bp YOY, prior 14.9%). We are raising our FY13E EPS to $8.35 (+15.5% YOY) from $7.83."
"Maintaining RL as Our Top Pick: Revs are inflecting higher due to share gains, new category expansion, and the integration of Asia. Pricing power & expanding scale benefits are pushing margins higher. As RL’s global opportunity accelerates, the combination of an extended period of best-in-apparel rev growth & improving profitability as the company increasingly leverages new investments should support a valuation premium vs the peer group."
For more ratings news on Polo Ralph Lauren click here and for the rating history of Polo Ralph Lauren click here.
Shares of Polo Ralph Lauren closed at $125.28 yesterday.
UBS analyst said, "We are raising our FY12E EPS to $7.22 (+25.5% YOY) from $6.77 due to: 1) a $0.38 EPS beat in F1Q; 2) better NT revenue trends (now forecasting 2Q revs +22% YOY vs +18.5% prev); 3) slightly better GM expectations in the NT (see below); and 4) higher FY12 EBIT margins of 15.5% (+55bp YOY, prior 14.9%). We are raising our FY13E EPS to $8.35 (+15.5% YOY) from $7.83."
"Maintaining RL as Our Top Pick: Revs are inflecting higher due to share gains, new category expansion, and the integration of Asia. Pricing power & expanding scale benefits are pushing margins higher. As RL’s global opportunity accelerates, the combination of an extended period of best-in-apparel rev growth & improving profitability as the company increasingly leverages new investments should support a valuation premium vs the peer group."
For more ratings news on Polo Ralph Lauren click here and for the rating history of Polo Ralph Lauren click here.
Shares of Polo Ralph Lauren closed at $125.28 yesterday.
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