Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Ralph Lauren stock is trading below its fair value – analyst says By: Invezz September 24, 2023 at 17:19 PM EDT The recent sell-off in Ralph Lauren Corp (NYSE: RL) has created a great opportunity for investors to buy a quality name at a deep discount, as per a Raymond James analyst.Ralph Lauren stock could return to $135Rick Patel is convinced that shares of the fashion company are currently trading below their fair value.On Friday, therefore, he upgraded the Ralph Lauren stock to “outperform” and raised his price target to $135 a share which suggests about a 20% upside from here.The analyst is betting primarily on a continued increase in market share (international) that will translate to revenue growth for the U.S. firm.We like the setup where expectations have come down, estimates appear to signal a low bar, and valuation is attractive, in our view, given a [price-to-earnings ratio] of ~11x.Ralph Lauren is committed to improving marginsPatel is constructive on the retail stock also because he expects margins to improve moving forward now that Ralph Lauren is focusing more on cost savings.Other reasons cited for the bullish call on the apparel company include the growing unit volume and selling prices (average) particularly in international markets like Asia. Note that the Ralph Lauren stock currently pays a dividend yield of 2.68% that makes up for an additional reason to have it in your portfolio.Last month, the New York headquartered firm reported its financial results for the first quarter that came in well ahead of Street estimates.The post Ralph Lauren stock is trading below its fair value – analyst says appeared first on Invezz. Related Stocks: Liberty All Star Equity Fund Ralph Lauren Corp Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Ralph Lauren stock is trading below its fair value – analyst says By: Invezz September 24, 2023 at 17:19 PM EDT The recent sell-off in Ralph Lauren Corp (NYSE: RL) has created a great opportunity for investors to buy a quality name at a deep discount, as per a Raymond James analyst.Ralph Lauren stock could return to $135Rick Patel is convinced that shares of the fashion company are currently trading below their fair value.On Friday, therefore, he upgraded the Ralph Lauren stock to “outperform” and raised his price target to $135 a share which suggests about a 20% upside from here.The analyst is betting primarily on a continued increase in market share (international) that will translate to revenue growth for the U.S. firm.We like the setup where expectations have come down, estimates appear to signal a low bar, and valuation is attractive, in our view, given a [price-to-earnings ratio] of ~11x.Ralph Lauren is committed to improving marginsPatel is constructive on the retail stock also because he expects margins to improve moving forward now that Ralph Lauren is focusing more on cost savings.Other reasons cited for the bullish call on the apparel company include the growing unit volume and selling prices (average) particularly in international markets like Asia. Note that the Ralph Lauren stock currently pays a dividend yield of 2.68% that makes up for an additional reason to have it in your portfolio.Last month, the New York headquartered firm reported its financial results for the first quarter that came in well ahead of Street estimates.The post Ralph Lauren stock is trading below its fair value – analyst says appeared first on Invezz. Related Stocks: Liberty All Star Equity Fund Ralph Lauren Corp