Ralph Lauren Co. (RL) to Distribute Quarterly Dividend of $0.83 on January 10th

Ralph Lauren Co. (NYSE:RL) declared a quarterly dividend on Friday, December 13th,RTT News reports. Shareholders of record on Friday, December 27th will be given 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 yield of 1.45%.

Ralph Lauren has increased its dividend payment by an average of 63.4% annually over the last three years. Ralph Lauren has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.6 %

RL opened at $227.45 on Friday. Ralph Lauren has a fifty-two week low of $134.90 and a fifty-two week high of $237.16. The firm has a market capitalization of $14.12 billion, a P/E ratio of 21.68, a PEG ratio of 1.69 and a beta of 1.50. The company’s 50-day moving average is $211.34 and its 200 day moving average is $188.53. 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 announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 EPS. Research analysts expect that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RL shares. TD Cowen lifted their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Guggenheim boosted their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group raised their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays upped their price objective on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group raised their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three investment 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.