Ralph Lauren Corporation (NYSE:RL) to Issue $1.00 Quarterly Dividend

Ralph Lauren Corporation (NYSE:RL) announced a quarterly dividend on Friday, September 11th. Stockholders of record on Friday, September 25th will be given a dividend of 1.00 per share by the textile maker on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th.

Ralph Lauren has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ralph Lauren to earn $20.78 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 19.2%.

Ralph Lauren Stock Up 1.9%

Shares of NYSE:RL opened at $346.39 on Wednesday. The firm has a market capitalization of $20.64 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.28 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. Ralph Lauren has a 52-week low of $299.98 and a 52-week high of $421.60. The firm has a fifty day moving average of $366.34 and a 200 day moving average of $367.41.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.77 earnings per share. As a group, research analysts anticipate that Ralph Lauren will post 18.79 EPS for the current fiscal year.

Analysts Set New Price Targets

RL has been the topic of a number of recent research reports. Needham & Company LLC increased their price target on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wall Street Zen cut Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Barclays raised their price objective on shares of Ralph Lauren from $439.00 to $463.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, BTIG Research lifted their price target on Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Ralph Lauren has a consensus rating of “Moderate Buy” and an average price target of $445.67.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.