Ralph Lauren Corp (NYSE: RL) has benefited from important positive changes in fundamentals: the consensus estimate for March, 2024 increased significantly, the consensus estimate for March, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Ralph Lauren Corp (NYSE: RL): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RL is expected to continue to be a major Value Builder.
Ralph Lauren has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ralph Lauren has a slightly negative Appreciation Score of 35 but a very high Power Rating of 93, producing the Positive Value Trend Rating.
Recent Price Action
Ralph Lauren Corp (NYSE: RL) stock closed at $183.70 on 2/28/24 after a modest gain of 0.6%. Trading volume in this advance was normal. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
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