Why Ralph Lauren Shares Jumped Today
Ralph Lauren (NYSE: RL) stock has jumped today, up by 10% as of 12:45 p.m. EDT, after the clothing specialist reported better-than-expected fiscal first-quarter earnings.
The company posted revenue of $1.35 billion, down from $1.55 billion a year ago but slightly ahead of analyst expectations. Adjusted earnings per share came in at $1.11, easily beating the $0.96 per share in adjusted profit that the Street was modeling for.
Image source: Getty Images.
Source: Fool.com
Ralph Lauren A Stock
€149.76
3.640%
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 18.86% compared to the current price of 149.76 € for Ralph Lauren A.
