- Ralph Lauren is one of the worst-performing retail names this year, up just 3% vs. a 30% return for the Retail Sector.
- The company reported 26% revenue growth in its most recent quarter, and owned digital commerce growth of 35%, with digital margins being accretive to company margins.
- At a current share price of $108.00, its valuation is becoming more reasonable, with the stock trading at just 13x FY2023 earnings estimates vs. a historical multiple of 17.
- So, while I don't see the stock as a buy just yet, I would view pullbacks below $100.00 as buying opportunities from a swing-trading standpoint.
For further details see:
Ralph Lauren: Valuation Improving After The Drop