There has been a resurgence of Ralph Lauren’s Polo Brand, especially in the young boy/teen market. Polo has always been a leading brand amongst the elite men, but now has trickeled down to Urban wear more than it’s ever had.
Equities research analysts at Citigroup, Inc (NYSE: C) boosted their earnings per share estimates on shares of Polo Ralph Lauren (NYSE: RL) in a research note to investors on Thursday, with a price target of $110.00 and a “hold” rating.
Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories, fragrances and home furnishings. The Company operates in three segments: Wholesale, Retail and Licensing. Apparel products include collections of men’s, women’s and children’s clothing. Accessories include a range of footwear, eyewear, watches, jewelry, hats, belts and leather goods, including handbags and luggage. Home products include bedding and bath products, furniture, fabric and wallpaper, paint, tabletop, and giftware. Fragrance products are sold under its Romance, Polo, Lauren, Safari, Ralph and Black Label brands, among others. On December 31, 2009, in connection with the transition of the Polo-branded apparel business in Asia-Pacific (excluding Japan) from a licensed to a wholly owned operation, the Company acquired certain net assets from Dickson Concepts International Limited and affiliates (Dickson).
Shares of RL traded down 2.58% during mid-day trading on Thursday.
Dre Black So Fresh 