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

Ralph Lauren Co. (NYSE:RL) declared a quarterly dividend on Monday, September 16th, Wall Street Journal reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.825 per share by the textile maker on Friday, October 11th. This represents a $3.30 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, September 27th.

Ralph Lauren has increased its dividend by an average of 63.4% per year over the last three years. Ralph Lauren has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Ralph Lauren to earn $12.56 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 26.3%.

Ralph Lauren Stock Up 1.8 %

Shares of NYSE:RL traded up $3.23 during midday trading on Monday, reaching $181.87. The company’s stock had a trading volume of 363,268 shares, compared to its average volume of 911,265. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. Ralph Lauren has a 12-month low of $108.60 and a 12-month high of $192.03. The firm has a market capitalization of $11.37 billion, a P/E ratio of 18.69, a PEG ratio of 1.44 and a beta of 1.49. The firm has a 50 day moving average of $169.85 and a 200-day moving average of $173.28.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $2.34 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Ralph Lauren will post 11.23 earnings per share for the current year.

Wall Street Analyst Weigh In

RL has been the topic of a number of analyst reports. Argus restated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Barclays upped their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price objective on shares of Ralph Lauren in a research note on Wednesday, August 7th. TD Cowen lowered their price objective on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

Ralph Lauren Company Profile

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.