Ralph Lauren Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Ralph Lauren Corporation RL is expected to report its first-quarter fiscal 2024 financial results, before the opening bell on Aug. 10, 2023.

Analysts expect the company to post quarterly earnings at $2.13 per share, up from year-ago earnings of $1.88 per share. The company’s revenue might come in at $1.48 billion, compared to $1.49 billion in the year-ago period.

Ralph Lauren shares fell 1.3% to close at $128.49 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Jay Sole maintained a Buy rating and raised the price target from $168 to $169 on July 31, 2023. This analyst has an accuracy rate of 71%.
• JP Morgan analyst Matthew Boss maintained an Overweight rating and raised the price target from $138 to $141 on May 26, 2023. This analyst has an accuracy rate of 68%.
• TD Cowen analyst John Kernan maintained an Outperform rating and lowered the price target from $151 to $141 on May 26, 2023. This analyst has an accuracy rate of 70%.
• Barclays analyst Adrienne Yih maintained an Overweight rating and increased the price target from $134 to $139 on May 26, 2023. This analyst has an accuracy rate of 72%.
• Citigroup analyst Paul Lejuez maintained a Neutral rating and raised the price target from $92 to $124 on Feb. 2, 2023. This analyst has an accuracy rate of 67%.

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