Ralph Lauren reported better than expected second quarter 2022 results

Ralph Lauren reported better than expected second quarter 2022 results. From the press release:

Ralph Lauren Corporation (NYSE:RL), a global leader in the design, marketing, and distribution of luxury lifestyle products, today reported earnings per diluted share of $2.18 on a reported basis and $2.23 on an adjusted basis, excluding restructuring-related and other net charges for the second quarter of Fiscal 2023. This compared to earnings per diluted share of $2.57 on a reported basis and $2.62 on an adjusted basis, excluding restructuring-related and other net charges for the second quarter of Fiscal 2022.

Read more at Business Wire.

Stock Analysts Project Growth For Ralph Lauren Corporation

According to Director’s Talks Interviews, the consensus view is for increased growth for Ralph Lauren Corporation:

[Ralph Lauren] ticker code (RL) now have 16 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 145 and 92 with a mean TP of 125.34. Now with the previous closing price of 123.64 this would imply there is a potential upside of 1.4%.

Read more at Director’s Talk.