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

Ralph Lauren Co. (NYSE:RL) announced a quarterly dividend on Friday, December 13th,RTT News reports. Stockholders of record on Friday, December 27th will be paid a dividend of 0.825 per share by the textile maker on Friday, January 10th. This represents a $3.30 annualized dividend and a dividend yield of 1.45%.

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 25.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.6 %

Ralph Lauren stock opened at $227.47 on Friday. The firm has a market cap of $14.13 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.69 and a beta of 1.50. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $211.34 and a two-hundred day moving average of $188.48. Ralph Lauren has a twelve month low of $134.90 and a twelve month high of $237.16.

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

Analyst Ratings Changes

A number of research analysts have issued reports on RL shares. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. Guggenheim upped their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group lifted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group upped their price target on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.90.

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.