**1. CIBC Asset Management Inc.’s Reduced Holdings:**
* CIBC Asset Management Inc. decreased its stake in Ralph Lauren Co. by 6.4% during the second quarter. * The fund sold 344 shares of RL during the quarter. * CIBC now holds 5,063 shares of the company, representing a value of $886,000. **2.
This follows a similar move by Evercore ISI, which lowered their price objective from $195.00 to $190.00 and maintained a “buy” rating. Analysts at both firms are optimistic about the brand’s future, citing strong brand loyalty and a robust retail environment. **Key Points:**
* **Analyst Ratings and Price Targets:** Wall Street analysts have recently issued several reports on Ralph Lauren, with some lowering their price targets and maintaining “buy” ratings. * **TD Cowen:** TD Cowen lowered their price objective from $196.00 to $193.00, maintaining a “buy” rating.
The company’s revenue growth has been relatively stable, with an average annual growth rate of 1.2%. The company has a strong brand reputation and a global reach, but faces challenges in the luxury goods market, especially competition from online retailers. ## Analysis of Ralph Lauren’s Stock Performance
This analysis will delve into the key aspects of Ralph Lauren’s stock performance, examining its financial metrics, market positioning, and competitive landscape. **Financial Metrics:**
* **Price:** Ralph Lauren’s stock opened at $172.85 on Friday, reflecting the current market sentiment.
The company’s portfolio includes apparel, accessories, home furnishings, fragrances, and other lifestyle products. The company’s history dates back to 1967 when Ralph Lauren founded the company in New York City. The company’s iconic Polo Ralph Lauren brand has become synonymous with American style and preppy culture. The company’s success is attributed to its strong brand identity, consistent product quality, and effective marketing strategies. Ralph Lauren’s business model is based on a multi-brand strategy. The company operates under several distinct brands, each with its own unique identity and target audience.
