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

Ralph Lauren Co. (NYSE:RL) declared a quarterly dividend on Friday, December 13th,RTT News reports. Stockholders 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 dividend yield of 1.45%.

Ralph Lauren has increased its dividend payment by an average of 63.4% per year over the last three years. Ralph Lauren has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE:RL traded up $1.39 during mid-day trading on Friday, hitting $227.45. The company’s stock had a trading volume of 430,307 shares, compared to its average volume of 846,051. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 1.69 and a beta of 1.50. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. Ralph Lauren has a fifty-two week low of $134.90 and a fifty-two week high of $237.16. The stock has a fifty day moving average of $210.71 and a 200-day moving average of $188.11.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 EPS. As a group, equities analysts forecast that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Analyst Ratings Changes

RL has been the topic of several recent analyst reports. Cfra set a $171.00 target price on shares of Ralph Lauren in a research note on Thursday, October 17th. Barclays boosted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Guggenheim raised their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three 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, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price 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.