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UBS analyst Jay Sole maintains Ralph Lauren (NYSE:RL) with a Buy and raises the price target from $511 to $520.
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PVH Corp. delivered mixed Q2 fiscal 2026 results with revenues down 3% but profitability exceeding expectations, boosted by $107 million in tariff refunds. The company maintained momentum in direct-to-consumer and e-commerce channels while facing headwinds from wholesale weakness and soft international demand. PVH reaffirmed full-year EPS guidance of $11.80-$12.10 but projects a more challenging Q3 with low single-digit revenue declines.
Tapestry (TPR) projects fiscal 2027 revenues of $8.4-$8.5 billion with mid-single-digit growth, down from 17% prior year growth. The company targets 50 basis points of operating margin expansion despite tariff headwinds, expecting tariffs to be neutral year-over-year. Coach brand remains strong at 86% of revenues with ~36% operating margins, while Kate Spade continues to post operating losses. TPR expects adjusted EPS of $7.80-$7.90, representing low-double-digit growth.
Ralph Lauren (RL) delivered solid first-quarter fiscal 2027 results with North America Retail comparable sales up 9% and digital comparable sales rising 8%. The company saw strong growth in women's apparel, outerwear, and handbags (each exceeding 20%), added 1.5 million new customers to its DTC businesses, and continues investing in AI and technology. However, RL shares have underperformed the industry over the past three months and trade at a premium valuation.
Ralph Lauren vice chair David R. Lauren sold 1,711 shares worth $662,551 on August 15 due to non-discretionary tax withholding obligations from restricted stock unit vesting, not market sentiment. The insider retains 14,243 shares valued at $5.4 million. The stock has rallied over 30% in the past year, driven by strong Q1 earnings with 14% revenue growth to $2 billion and mid-teens digital ecosystem growth.