Cowen Cuts Price Target on Ralph Lauren (RL) to $130 Following EPS Beat

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Ralph Lauren (RL) Tops Q1 EPS by 10c, Offers Outlook

August 5, 2015 8:05 AM EDT

Ralph Lauren (NYSE: RL) reported Q1 EPS of $1.09, $0.10 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $1.61 billion. Sames store sales were down 8%, down 2% in constant currency.

Fiscal 2016 Outlook

The Company continues to expect consolidated net revenues for Fiscal 2016 to... More