Ralph Lauren Co. Plans Quarterly Dividend of $0.83 (NYSE:RL)

Ralph Lauren Co. (NYSE:RL) announced a quarterly dividend on Friday, December 13th,RTT News reports. Investors of record on Friday, December 27th will be paid a dividend of 0.825 per share by the textile maker on Friday, January 10th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, December 27th.

Ralph Lauren has increased its dividend by an average of 63.4% per year over the last three years. Ralph Lauren has a dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ralph Lauren to earn $12.97 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 25.4%.

Ralph Lauren Price Performance

Shares of RL stock opened at $231.57 on Wednesday. The firm has a fifty day moving average of $215.37 and a two-hundred day moving average of $190.74. The firm has a market cap of $14.38 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.69 and a beta of 1.50. Ralph Lauren has a 1-year low of $134.90 and a 1-year high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research report on Thursday, November 7th. UBS Group increased their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Raymond James lifted their target price on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $223.90.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.