Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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The appointment is said to be a good move, as both companies are global in nature and are undergoing turnarounds.
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Meanwhile, Ralph Lauren's adjusted first-quarter gross margin of 61.1 percent surpassed consensus of 59.0 percent. The brokerage said there is upside to gross margin versus expectations for FY17, driven by continued sales mix shift benefit between geographies and channels.
Analyst Laurent Vasilescu sees Ralph Lauren's FY17 gross margin at 57.9 percent versus consensus of 56.5 percent. Vasilescu projects estimate 40bps gross margin improvement from mix shift and 70bps improvement from improved gross margins in Europe and Asia retail/wholesale.
The analyst also raised FY17 EPS view to $5.60 from $5.33 and FY18 EPS forecast to $5.62 from $5.61. Vasilescu also increased the target price to $121 from $119 while maintaining 22x FY17 PE multiple.
At time of writing, shares of Ralph Lauren were up 1.02 percent at $97.76.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.