Citi analyst Paul Lejuez maintained a Hold rating on Ralph Lauren today and set a price target of $305.00.
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Paul Lejuez has given his Hold rating due to a combination of factors including the anticipation of strong second-quarter earnings and a potential guidance increase. However, he notes that the market has already priced in these expectations, as evidenced by the stock’s recent performance, which has outpaced its peer group.
Despite the expected positive earnings report, Lejuez points out that the current market setup is challenging, with high expectations already factored into the stock price. Additionally, while there is an expectation for management to raise annual guidance, the potential impact of tariffs and a forecasted decline in gross margins contribute to a cautious outlook. Therefore, while the company is performing well, the current valuation and market conditions justify a Hold rating.