Update: Ralph Lauren's Earnings Cause Shares To Inch Higher
Daniel Jones • Yesterday, 7:51 AM
- Shares of Ralph Lauren rose a bit after the company reported rising (but weaker) sales and profits that easily topped forecasts.
- This only modest rise in share price and strong profit growth confirms my opinion that it provides investors with long-term potential but indicates that shares might be pricey.
- In my previous work on Ralph Lauren, I did not anticipate strong or weak results, but I did caution investors that its shares don't look very cheap.