Ralph Lauren's Brand Appeal Remains Strong After Q2 Earnings, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Ralph Lauren Corp (NYSE:RL) reported better-than-expected Q2 earnings, with an EPS of $2.34, beating last year's $1.88 and the consensus estimate. The positive results were driven by strong sales and gross margin performance, particularly in Asia and Europe. Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on RL shares with a price target of $155.00. Despite the positive outlook, RL shares are trading lower by 4.2% at $123.06.
August 10, 2023 | 7:01 pm
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Ralph Lauren reported better-than-expected Q2 earnings, driving an Outperform rating from Telsey Advisory Group. Despite this, RL shares are trading lower.
Ralph Lauren's better-than-expected earnings and the Outperform rating from Telsey Advisory Group indicate a strong performance and positive outlook for the company. However, the current decrease in share price suggests that other market factors may be influencing RL's stock, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100