Needham & Company Reiterates a 'Buy' on Polo Ralph Lauren (RL); Strong Fundamentals Lead to F1Q Outlook Above Expectations
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Price: $388.92 +0.39%
Rating Summary:
24 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Polo Ralph Lauren (NYSE: RL), PT $148.
Needham analyst says, "RL represents a quality luxury goods manufacturer and retailer trading with long term growth fueled by successfully integrating recent Asian acquisitions. We believe RL is well-positioned for CY11 as the luxury consumer has increased their spending. At ~16x our CY12 EPS estimate of $7.19, RL is trading slightly above the sector average of ~15x, but below the low end of its long term growth rate of 18% to 21%. As a luxury brand, we believe RL should trade at a premium to the sector and at least in-line with the high-end of its growth rate of 18% to 21%."
"We are adjusting our F1Q, F2Q, F3Q, F4Q, FY12, and CY12 EPS estimates to $1.49, $2.18. $1.67, $1.04, $6.37, and $7.19, respectively, from $1.32, $2.33, $1.61, $1.23, $6.49, and $7.06...We are adjusting our F1Q, F3Q, F4Q, and FY13 EPS estimates to $1.59, $1.95, $1.35, and $7.50, respectively, from $1.38, $1.84, $1.45, and $7.28."
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 $114.70 yesterday.
Needham analyst says, "RL represents a quality luxury goods manufacturer and retailer trading with long term growth fueled by successfully integrating recent Asian acquisitions. We believe RL is well-positioned for CY11 as the luxury consumer has increased their spending. At ~16x our CY12 EPS estimate of $7.19, RL is trading slightly above the sector average of ~15x, but below the low end of its long term growth rate of 18% to 21%. As a luxury brand, we believe RL should trade at a premium to the sector and at least in-line with the high-end of its growth rate of 18% to 21%."
"We are adjusting our F1Q, F2Q, F3Q, F4Q, FY12, and CY12 EPS estimates to $1.49, $2.18. $1.67, $1.04, $6.37, and $7.19, respectively, from $1.32, $2.33, $1.61, $1.23, $6.49, and $7.06...We are adjusting our F1Q, F3Q, F4Q, and FY13 EPS estimates to $1.59, $1.95, $1.35, and $7.50, respectively, from $1.38, $1.84, $1.45, and $7.28."
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 $114.70 yesterday.
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