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

Ralph Lauren Co. (NYSE:RL) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.825 per share by the textile maker on Friday, April 11th. This represents a $3.30 annualized dividend and a dividend yield of 1.50%.

Ralph Lauren has raised its dividend by an average of 16.1% per year over the last three years. Ralph Lauren has a dividend payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ralph Lauren to earn $13.61 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 24.2%.

Ralph Lauren Stock Up 1.7 %

RL traded up $3.72 during trading hours on Friday, hitting $220.40. 1,028,340 shares of the company’s stock were exchanged, compared to its average volume of 782,266. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren has a 12-month low of $155.96 and a 12-month high of $289.33. The firm has a market cap of $13.61 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The firm has a 50 day moving average of $254.20 and a 200 day moving average of $221.76.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Analysts predict that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on RL. UBS Group raised their target price on shares of Ralph Lauren from $332.00 to $348.00 and gave the company a “buy” rating in a report on Friday, February 7th. Cowen restated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, February 4th. Barclays boosted their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Raymond James cut Ralph Lauren from an “outperform” rating to a “market perform” rating in a research note on Monday, January 27th. Finally, TD Cowen upped their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average price target of $284.15.

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.