Ralph Lauren's Runway Rally: China Boom, Pricing Power Fuel RL Surge

Ralph Lauren Corp (NYSE: RL ) on Thursday reported its fiscal fourth-quarter results . • Ralph Lauren stock is trading at elevated levels. What’s ahead for RL stock? Here are the key analyst insights: Needham analyst Tom Nikic maintained a Buy rating, while raising the price target from $400 to $405. BTIG analyst Robert Drbul reiterated a Buy rating and price target of $450. Needham: Ralph Lauren's "brand-elevation strategy is working very well," and is driving growth in sales, margins and earnings, Nikic said in a note. He mentioned four highlights of the latest quarterly results: Continued AUR Expansion: The average unit retail (AUR) of the DTC (direct-to-consumer) channel grew 16%, representing the 36th consecutive quarter of growth. Continued Outperformance of High-Potential Categories: The company's high-potential categories of women’s apparel, outerwear,and handbags continued to outperform, generating more than 20% in the quarter. China Growth Accelerates: The Chinese market, which ... Full story available on Benzinga.com