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

Ralph Lauren Co. (NYSE:RL) announced a quarterly dividend on Friday, September 13th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, September 27th.

Ralph Lauren has increased its dividend by an average of 63.4% annually over the last three years. Ralph Lauren has a dividend payout ratio of 26.2% indicating that 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 Price Performance

Shares of NYSE RL opened at $189.80 on Wednesday. The business has a 50 day simple moving average of $170.86 and a 200-day simple moving average of $173.50. Ralph Lauren has a twelve month low of $108.60 and a twelve month high of $192.03. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

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

Wall Street Analysts Forecast Growth

RL has been the topic of a number of research reports. Telsey Advisory Group raised their price target on Ralph Lauren from $195.00 to $207.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Friday, September 6th. TD Cowen dropped their price objective on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays boosted their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, Argus restated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $186.00.

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.