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5 Retail Stocks to Buy Now

These stocks are set to cruise through the holidays

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#2 – Ralph Lauren (RL)

ralph_lauren_185YTD: 16%
P/E: 22
Average 52-week price target: $195.60 (12% potential upside)

For a company that’s in the midst of a management change, Ralph Lauren (RL) doesn’t seem to be missing a beat.

Sure, net income in the latest quarter fell 4.2% to $205 million, or $2.23 per share. That’s down from $214 million, or $2.29 per share, a year earlier, as higher costs overshadowed gains in sales. But earnings came in better than the $2.20 per share analysts had expected, and revenue rose 2.8% to $1.92 billion. Ralph Lauren, whose brands include Polo, Club Monaco and Rugby, also hiked its dividend 13% to 45 cents.

“The diversity of the Ralph Lauren portfolio, the strength of our lifestyle positioning and our increasingly global reach are enviable assets that position us for strong long-term growth,” Jackwyn L. Nemerov, the company’s president, said during the recent earnings conference call. And that’s what makes this one of the strongest retail stocks out there.

Article printed from InvestorPlace Media, http://investorplace.com/2013/12/five-retail-stocks-worth-buying-today/.

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