Investors boost stakes in Ralph Lauren after strong earnings beat analysts' expectations.

Healthcare of Ontario Pension Plan Trust Fund and other institutional investors have increased their stakes in Ralph Lauren Co., following the company's strong quarterly earnings of $2.54 per share, surpassing analyst expectations. With a market cap of $14.37 billion, Ralph Lauren has seen a 5.7% year-over-year revenue increase. Analysts have given the stock a "Moderate Buy" rating with a $223.90 price target, indicating continued optimism despite recent market volatility.

December 02, 2024
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