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

Ralph Lauren Co. (NYSE:RL) declared a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.825 per share by the textile maker on Friday, April 11th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%.

Ralph Lauren has raised its dividend by an average of 16.1% per year over the last three years. Ralph Lauren has a dividend payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ralph Lauren to earn $13.61 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 24.2%.

Ralph Lauren Stock Performance

Ralph Lauren stock traded up $3.72 during midday trading on Friday, hitting $220.40. 1,028,340 shares of the company were exchanged, compared to its average volume of 782,266. The firm has a market capitalization of $13.61 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. Ralph Lauren has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The business has a fifty day simple moving average of $254.20 and a two-hundred day simple moving average of $221.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.31 and a current ratio of 1.76.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, sell-side analysts forecast that Ralph Lauren will post 12.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Guggenheim upped their price target on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Barclays upped their target price on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $284.15.

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.