The Buzz
Wild horses: Ralph Lauren stock is hot to trot
February 6, 2013: 12:08 PM ET
I need to go see a man about a horse: Ralph Lauren sales are sizzling ... and the stock is surging.
"As you know in fashion, one day you're in. And the next day, you're out." That's one of Heidi Klum's catchphrases on "Project Runway." You can say the same about stocks. And for now, Ralph Lauren is decidedly in.
Shares of Ralph Lauren (RL) galloped (see what I did there) to a more than 7% gain on Wednesday after the company reported earnings that topped forecasts and issued a solid sales outlook. Ralph Lauren was the top performer in the S&P 500.
The company, famous for its iconic polo player on a horse logo, has been on a tear as of late. Shares are up nearly 20% already this year and traders on StockTwits were pretty excited.
Several pointed out that the strong results and guidance from Ralph Lauren proved that luxury retail is still alive and well -- despite some weaker performances from the likes of Coach (COH) and Tiffany (TIF).
xtremezz
$RL Beats by 12c. Sees FY13 consolidated net revenue up by approximately 2%. // No worries, the rich are still there. 
Up almost %7 in PM.
retail_guru
Ralph Lauren, Estée Lauder explode myth 'aspirational' #luxe is struggling. The right product sells. Period. $RL $EL > $TIF $ COH
Exactly. Cosmetics company Estee Lauder (EL) popped on Tuesday after it reported healthy earnings. Investors often do make the mistake of lumping companies into some amorphous blob of a category and assuming the worst (or best) about that whole group based on just one company's results. It was silly to say luxury is dead because Coach had a tough quarter.
Retail is a business that's notorious for having companies run hot and cold. It shouldn't be a shock that some companies like Ralph Lauren and Estee Lauder are doing well even as others struggle. Consumers are finicky.
ivanhoff
$KORS next? "@retail_guru: Ralph Lauren, Estée Lauder explode myth luxe is struggling. The right product sells. Period. $RL $EL"
We'll find out soon enough. Michael Kors (KORS) reports earnings on February 12. The stock has been on fire since its IPO in December 2011. I have to admit though that I miss Kors' sardonic wit on "Project Runway" this season. Zac Posen needs to be a little meaner.
StaceyRetail
and don't forget $RL gets NO bump from chinese tourism in Europe like rest of brands. Now that is opportunity #luxury just getting started
Good point. Some analysts have felt Ralph Lauren hasn't done as good a job at targeting Chinese tourists as others. But that might be changing. The company specifically cited "improved trends in Europe" in its earnings release.
Finally, one trader noted that Ralph Lauren and Jamie Dimon have something in common.
BrianSozzi
Cool, $RL just dropped a JP Morgan comment: said it had a "fortress balance sheet" $JPM
Ha! Doesn't Bank of America (BAC) also have a "fortress balance sheet" like JPMorgan Chase (JPM)? Here's hoping that Ralph Lauren and other fashion retailers never need a bailout like the big banks did.
Although a TARP designed by Ralph Lauren probably would look good on a model sashaying on a catwalk in New York, Milan or Paris.
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DECK the halls with furry boots. UGG maker up 7%.
Baby, it's cold outside! Winter will be here (at least for those of us in the Northern Hemisphere) in a few weeks. So is it any surprise that shares of Deckers Outdoor (DECK), the maker of the popular (although not entirely aesthetically pleasing) fuzzy boot are rallying?
Shares of Deckers were up nearly 8% Monday, continuing a sharp move up from their 52-week low. The stock has gained nearly 45% since MORE
Paul R. La Monica - Dec 3, 2012 12:57 PM ET -
Hip to be a hipster: Urban Outfitters soars
Urban Outfitters (URBN) is certainly making a statement with its stellar earnings report.
The hipster retailer, which operates under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, earned $61 million, or 42 cents a share, in the latest quarter. And total sales jumped 11% to $676 million.
Analysts piled on with the kudos. At least three raised their price targets and two issued upgrades.
But StockTwits MORE
Catherine Tymkiw - Aug 21, 2012 12:19 PM ET -
Michael Kors: The sartorial star of Wall Street
The luxury business is booming. Or at least it is for Michael Kors (KORS), the lifestyle brand founded by the Project Runway judge and fashion mogul of the same name.
In its second quarterly report as a public company, Michael Kors (the company) said earnings nearly tripled, easily surpassing forecasts. Sales surged 71% and the Hong Kong-based company also raised its outlook. Investors cheered the results. Shares of Michael Kors surged MORE
Ben Rooney - Aug 14, 2012 11:24 AM ET
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