Ralph Lauren Corporation (RL) to Issue Quarterly Dividend of $0.91 on January 9th

Ralph Lauren Corporation (NYSE:RL) declared a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.9125 per share by the textile maker on Friday, January 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 26th.

Ralph Lauren has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Ralph Lauren has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ralph Lauren to earn $13.61 per share next year, which means the company should continue to be able to cover its $3.65 annual dividend with an expected future payout ratio of 26.8%.

Ralph Lauren Stock Down 0.5%

Ralph Lauren stock traded down $1.85 during mid-day trading on Wednesday, hitting $360.89. The company’s stock had a trading volume of 27,749 shares, compared to its average volume of 782,925. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. Ralph Lauren has a 52-week low of $176.61 and a 52-week high of $380.00. The firm’s 50 day moving average is $343.89 and its 200 day moving average is $312.37. The company has a market cap of $21.88 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.52.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. On average, analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

RL has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Ralph Lauren from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. BTIG Research initiated coverage on Ralph Lauren in a research report on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Barclays boosted their target price on Ralph Lauren from $352.00 to $358.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Evercore ISI lifted their price target on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $357.44.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.