Analyst John Kernan of TD Cowen maintained a Buy rating on Ralph Lauren, boosting the price target to $410.00.
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John Kernan has given his Buy rating due to a combination of factors, including Ralph Lauren’s strong financial performance and positive outlook. The company reported a significant increase in same-store sales across key regions such as North America, Europe, and Asia-Pacific, with particularly notable growth in China. Management has also raised revenue and EBIT margin guidance, indicating confidence in future performance.
Furthermore, Ralph Lauren has demonstrated exceptional execution in the global Softlines Retail sector, with improvements in brand elevation and full-price sell-through. The company’s gross margin has increased, and its inventory position remains strong, providing leverage for further growth. Kernan sees potential upside to the company’s sales and earnings per share guidance, which he views as conservative, and anticipates continued growth into FY27, with estimates above consensus.
Kernan covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Burlington Stores, and Deckers Outdoor. According to TipRanks, Kernan has an average return of 8.6% and a 53.17% success rate on recommended stocks.
In another report released today, Needham also maintained a Buy rating on the stock with a $350.00 price target.