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NEW YORK - Ralph Lauren Corporation (NYSE:RL), the $15.9 billion luxury lifestyle company currently trading near its 52-week high with an impressive 47% return over the past year, announced Thursday that Angela Ahrendts will become its new Lead Independent Director following the company’s Annual Meeting of Shareholders on July 31, 2025.
Ahrendts, who has served on Ralph Lauren’s Board since August 2018, currently chairs the Finance Committee and serves on the Nominating, Governance, and Sustainability Committee. She will succeed Hubert Joly, who will not seek reelection after 16 years of service. According to InvestingPro data, the company maintains strong financial health with an overall score of "GREAT," supported by impressive gross profit margins of 68.5%.
Joly joined the Ralph Lauren Board in June 2009 and has served as Lead Independent Director since 2021. During his tenure, he contributed to diversifying the board’s backgrounds, skills, and experiences.
"Hubert has been an integral part of our board and has been instrumental in guiding and supporting our strategy," said Ralph Lauren, Executive Chairman and Chief Creative Officer, in a press release statement.
Regarding Ahrendts’ appointment, Lauren added, "Angela has consistently offered valuable guidance and brought her perspective as a respected innovator in the industry."
Following Joly’s departure, the Ralph Lauren board will consist of 11 directors. Ahrendts’ new role will become effective after her anticipated re-election at the upcoming shareholders meeting.
Ralph Lauren Corporation designs, markets, and distributes luxury lifestyle products across five categories: apparel, footwear & accessories, home, fragrances, and hospitality.
In other recent news, Ralph Lauren has been the focus of several analyst updates following its fourth-quarter earnings report. UBS raised its price target for Ralph Lauren to $384, maintaining a Buy rating, citing strong direct-to-consumer sales growth and positive earnings per share surprises that could lead to upward revisions. Deutsche Bank also resumed coverage with a Buy rating and set a price target of $343, highlighting Ralph Lauren’s strong fundamentals and growth potential. Jefferies increased its target to $328, noting the company’s robust performance and cautious fiscal year guidance amidst macroeconomic challenges. Meanwhile, JPMorgan raised its target to $355, maintaining an Overweight rating and emphasizing the company’s sustained revenue growth and potential mitigation actions against tariff impacts. BMO Capital Markets adjusted its price target to $205, maintaining an Underperform rating but acknowledging the company’s better-than-expected quarterly performance. These developments reflect a generally optimistic outlook from analysts, with expectations of continued growth and strategic advancements for Ralph Lauren.
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