Here's Why You Should Add Ralph Lauren (RL) To Your Portfolio
Zacks Investment Research | Mar 28, 2019 12:53AM ET
Ralph Lauren Corporation (NYSE:RL) appears to be an investor favorite. Currently, the company is on track with its ‘Next Great Chapter’ plan. Expansion of digital platforms and international footprint is a key aspect of the company’s growth strategy.
All these factors helped the company to deliver robust third-quarter fiscal 2019 results, wherein the company continued with its positive earnings and sales surprise trend for the third straight time. Moreover, both the top and bottom lines grew year over year. This propelled the management to raise revenue and operating margin guidance for fiscal 2019.
Further, analysts are steadily growing bullish on the stock. This is apparent from the rise in earnings estimate. The Zacks Consensus Estimate of $7.03 for fiscal 2019 and $7.57 for fiscal 2020 has moved north by 25 cents and 26 cents, respectively, over the past 60 days.
In the past three months, shares of this New-York based company have rallied approximately 21% compared with the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.