12 Best Luxury Stocks to Buy Now

3. Ralph Lauren Corporation (NYSE:RL)

Number of Hedge Fund Holders: 58

Ralph Lauren Corporation (NYSE:RL) is one of the best luxury stocks to buy now. Telsey Advisory reaffirmed a Buy rating on Ralph Lauren Corporation (NYSE:RL) on February 10, setting a price target of $435. The rating update came after the company reported strong fiscal Q3 2026 holiday results on February 5, exceeding expectations. Fiscal Q3 revenue rose 12% on a reported basis and 10% in constant currency, surpassing expectations and reflecting healthy demand across geographies.

The company further reported earnings per diluted share of $5.82 for the quarter, up 25% compared to the prior year on a reported basis and $6.22, up 29% on an adjusted basis, excluding restructuring-related and other net charges. For comparison, earnings per diluted share for fiscal Q3 2025 came up to $4.66 on a reported basis and $4.82 on an adjusted basis, excluding restructuring-related and other net charges.

Ralph Lauren Corporation (NYSE:RL) further announced that it expects revenues to increase high-single to low-double digits on a constant currency basis in fiscal 2026, up from its prior outlook of a 5% to 7% increase. It still expects foreign currency to benefit revenue growth by approximately 200 to 250 basis points in fiscal 2026, based on current exchange rates.

Ralph Lauren Corporation (NYSE:RL) is a luxury fashion retailer specializing in designing, marketing, and selling luxury lifestyle products, including apparel, footwear, accessories, fragrances, home, and hospitality. Its brand portfolio spans Ralph Lauren, Polo Ralph Lauren, Ralph Lauren Collection, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL, and others. Besides manufacturing luxury items for men, women, and children, the company’s hospitality segment includes restaurants like New York City’s The Polo Bar and Chicago’s RL Restaurant.