Ralph Lauren Reports Fourth Quarter and Full Year Fiscal 2021 Results
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Ralph Lauren (RL) PT Lowered to $147 at Cowen
May 21, 2021 7:26 AM EDTCowen analyst John Kernan lowered the price target on Ralph Lauren (NYSE: RL) to $147.00 (from $152.00) while maintaining an Outperform rating.
The analyst commented, "Q4 EPS was above expectations but guidance for FY22 revenue is slightly below expectations and total implied SG&A... More
Ralph Lauren (RL) Tops Q4 EPS by $1.11
May 20, 2021 8:04 AM EDTRalph Lauren (NYSE: RL) reported Q4 EPS of $0.38, $1.11 better than the analyst estimate of ($0.73). Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.21 billion.
Full Year Fiscal 2022 and First Quarter Outlook:
The Company continues to note the ongoing uncertainty and evolving situation surrounding COVID-19 impacting the timing and path of recovery in each market, including the potential for further resurgences of the pandemic across various markets. The full year Fiscal 2022 and first quarter guidance excludes restructuring-related and other charges, as described in the "Non-U.S. GAAP... More
