Credit Suisse Downgrades Ralph Lauren (RL) to Neutral
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Ralph Lauren (RL) Buy Rating Reiterated at Goldman Sachs
May 12, 2014 9:29 AM EDTGoldman Sachs maintained a Buy rating on Ralph Lauren (NYSE: RL) with a modified price target of $180.00 (from $185.00). Analyst Lindsay Drucker Mann thinks a bottom is in place.
"We reiterate our Buy rating and see the 4Q14 update marking a positive inflection for EPS revisions and stock performance.... More
Ralph Lauren Corp (RL) Tops Q4 EPS by 5c; Guides Q1, FY15 Growth
May 9, 2014 8:02 AM EDTRalph Lauren Corp (NYSE: RL) reported Q4 EPS of $1.68, $0.05 better than the analyst estimate of $1.63. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $1.83 billion.
Revenue highlights:
Wholesale Sales. Wholesale segment sales increased 24% to $983 million in the fourth quarter, fueled by broad-based growth in the Americas, including strong demand for accessories; the contribution from the newly transitioned Chaps mens sportswear operations; and double-digit growth in Europe.For Fiscal 2014, wholesale revenues were $3.5 billion, 11% above Fiscal 2013. The increase in wholesale revenues was primarily a... More