Ralph Lauren Corp Class A
RL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Bn | LOCK|q$mvv | LOCK|MJzyM@ |
Ralph Lauren Earnings: Solid Close to Fiscal Year Keeps Margin Gains in Sight; Shares Overvalued
Ralph Lauren's (March-ended) fiscal 2024 fourth-quarter results were slightly above our forecast. While guidance for fiscal 2025 sales growth of 1%-2% is shy of our prior 5% estimate, margin gains should continue. We expect to lift our $139 fair value estimate by a mid-single-digit percentage, but we view shares, up more than 50% over the past year, as expensive.
