Ralph Lauren (RL) PT Raised to $405 at Needham

Needham analyst Tom Nikic raised the price target on Ralph Lauren (NYSE: RL) to $405.00 (from $400.00) while maintaining a Buy rating following earnings.

The analyst commented, "RL continues to be one of the strongest fundamental stories in our coverage, and we would continue to ride the momentum following strong fiscal 4Q26 results. The brand-elevation strategy is working very well, driving stronger sales, margins, and EPS. And we believe RL is set up to continue beating-and-raising. We're raising our price target to $405 (from $400) and we reiterate our Buy rating. For the quarter, revenue growth of 12% was above guidance +MSD (all references to revenue growth in this report are constant-FX) and EPS of $2.80 was above Street $2.55. RL expects revenue growth of MSD in FY27 (+LSD domestically), which includes MSD-HSD growth in Q1, both of which are in line with consensus. RL also increased the quarterly dividend by 10% to $1.00/share."

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