Ralph Lauren secures $435 target after Q3 revenue jumps 12% and EPS rises 25%
Telsey Advisory reaffirmed a Buy rating on Ralph Lauren with a $435 price target after fiscal Q3 revenue climbed 12% and 10% in constant currency. Q3 EPS rose 25% to $5.82 and 29% to $6.22, and fiscal 2026 revenue growth guided to high-single digits with a 200–250 bp currency tailwind.
1. Q3 Financial Results
Ralph Lauren reported fiscal Q3 revenue growth of 12% on a reported basis and 10% in constant currency, reflecting broad-based strength across regions. Diluted EPS reached $5.82, up 25% year-over-year, while adjusted EPS climbed 29% to $6.22, excluding restructuring-related and other net charges.
2. Raised Fiscal 2026 Outlook
The company increased its fiscal 2026 revenue growth guidance to high-single to low-double digits on a constant currency basis, up from an earlier 5%–7% outlook. Management expects foreign currency fluctuations to contribute roughly 200 to 250 basis points to year-over-year growth based on current rates.
3. Analyst Buy Rating and Price Target
Telsey Advisory reaffirmed its Buy rating on Ralph Lauren and set a $435 price target, citing the stronger-than-expected holiday quarter results and the upgraded revenue outlook as key drivers of future value.