Ralph Lauren Co. (RL) to Issue Quarterly Dividend of $0.83 on April 11th

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

Ralph Lauren has increased its dividend by an average of 16.1% annually over the last three years. Ralph Lauren has a payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. 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 Up 1.7 %

Shares of RL stock opened at $220.40 on Friday. The company’s fifty day simple moving average is $253.92 and its two-hundred day simple moving average is $222.45. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The stock has a market cap of $13.61 billion, a P/E ratio of 20.11, a PEG ratio of 1.73 and a beta of 1.50. Ralph Lauren has a 52 week low of $155.96 and a 52 week high of $289.33.

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

Wall Street Analysts Forecast Growth

RL has been the topic of several recent research reports. TD Cowen upped their target price on shares of Ralph Lauren from $258.00 to $268.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their price objective on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $220.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $284.15.

Ralph Lauren Company Profile

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.