Ralph Lauren Reports Strong Third Quarter Fiscal 2024 Holiday Results Ahead of Expectations
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CFRA Downgrades Ralph Lauren (RL) to Hold
February 8, 2024 10:26 AM ESTCFRA analyst Zachary Warring downgraded Ralph Lauren (NYSE: RL) from Buy to Hold with a price target of $150.00 (from $135.00).
The analyst comments "We raise our 12-month price target by $15 to $150, based on 15.8x our FY 25 (Mar.) EPS estimate and slightly higher than the company's... More
Ralph Lauren (RL) shares climb as Asia leads Q3 sales rise
February 8, 2024 8:50 AM ESTRalph Lauren (NYSE: RL) shares jumped 6.9% premarket Thursday after its third-quarter earnings impressed investors, topping analyst consensus expectations.
The fashion company reported third-quarter earnings of $4.17, $0.62 better than the analyst estimate of $3.55. Revenue for the quarter came in at $1.9 billion, up 6% year-on-year and above the consensus estimate of $1.87 billion.
Ralph... More
Ralph Lauren (RL) Tops Q3 EPS by 62c
February 8, 2024 8:03 AM ESTRalph Lauren (NYSE: RL) reported Q3 EPS of $4.17, $0.62 better than the analyst estimate of $3.55. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.87 billion.
Full Year Fiscal 2024 and Fourth Quarter Outlook:
The Company's outlook is based on its best assessment of the current geopolitical and macroeconomic environment, including inflationary pressures, other consumer spending-related headwinds and foreign currency volatility, among others. The full year Fiscal 2024 and fourth quarter guidance excludes any potential restructuring-related and other net charges that may be incurred in future periods, as... More
