Barclays Acknowledges Positive Q4 Results From Ralph Lauren (RL); Expect FY13 To Face Several Top Line Headwinds

Barclays maintains an 'Equalweight' on Ralph Lauren (NYSE: RL) price target of $180.00.

Analyst, Robert S. Drbul, said, "Ralph Lauren Corp. reported 4Q12 EPS of $0.99, $0.14 above our estimate. Revenue increased 13.7% to $1.62 Bln...While in FY12 international and European sales increased 33% and 26%, respectively, we expect a softening in European sales in FY13, particularly at the wholesale level."

Drbul lowers FY13 EPS estimate from $8.25 to $8.00, citing FY13 headiwinds including: 1) dissolving of American Living; 2) 60% of Chinese distribution network closing; 3) negative shift in FX rates; and 4) negative impact from transitioning Japanese licenses.

For an analyst ratings summary and ratings history on Ralph Lauren click here. For more ratings news on Ralph Lauren click here.

Shares of Ralph Lauren closed at $150.27 yesterday.

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