Ralph Lauren’s (RL) CEO is Doing a Remarkable Job, Says Jim Cramer

Company Overview - Ralph Lauren Corporation (NYSE:RL) is a prominent American apparel company recognized for its brands such as Polo and Purple Label [2] - The company's shares have increased by 27.5% over the past year but have decreased by 5.4% year-to-date [2] Financial Performance - Ralph Lauren reported its earnings for the fiscal third quarter, which showed stronger-than-expected revenue numbers [2] - Jefferies reduced the firm's share price target to $410 from $425 while maintaining a Buy rating [2] - UBS raised the share price target to $477 from $474, also keeping a Buy rating [2] Market Insights - Jim Cramer highlighted the positive performance of Ralph Lauren, noting that the company achieved comparable sales growth of 9%, exceeding expectations of 7% [2] - Cramer emphasized the company's strategy to expand into the top 30 cities, planning to open 250 stores soon, which is expected to capture significant market share [2] - Cramer suggested that despite recent stock price declines, there is a strong investment opportunity in Ralph Lauren, advocating for a gradual buying strategy as the stock price fluctuates [2]