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

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

Ralph Lauren has increased its dividend payment by an average of 63.4% annually over the last three years. Ralph Lauren has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Research 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 RL traded up $3.23 during trading hours on Monday, hitting $181.87. 363,268 shares of the company were exchanged, compared to its average volume of 911,265. The firm’s 50 day moving average is $169.85 and its 200-day moving average is $173.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. Ralph Lauren has a 52 week low of $108.60 and a 52 week high of $192.03. The company has a market cap of $11.37 billion, a PE ratio of 18.69, a PEG ratio of 1.44 and a beta of 1.49.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen reduced their target price on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Barclays boosted their price target on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. StockNews.com downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company decreased their price target on shares of Ralph Lauren from $185.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

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