Ralph Lauren Corporation (RL) to Issue Quarterly Dividend of $1.00 on July 10th

Ralph Lauren Corporation (NYSE:RL) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 26th will be paid a dividend of 1.00 per share by the textile maker on Friday, July 10th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, June 26th. This is a 9.6% increase from Ralph Lauren’s previous quarterly dividend of $0.91.

Ralph Lauren has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Ralph Lauren has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ralph Lauren to earn $20.01 per share next year, which means the company should continue to be able to cover its $3.65 annual dividend with an expected future payout ratio of 18.2%.

Ralph Lauren Trading Up 0.8%

Shares of NYSE:RL opened at $377.89 on Friday. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.27 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The stock’s 50-day simple moving average is $354.00 and its two-hundred day simple moving average is $355.26. Ralph Lauren has a 52-week low of $258.13 and a 52-week high of $393.41.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.81% and a net margin of 11.60%.The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts expect that Ralph Lauren will post 18.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RL shares. BTIG Research reissued a “buy” rating and set a $450.00 target price on shares of Ralph Lauren in a research note on Friday. UBS Group lifted their target price on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a research note on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research note on Thursday, February 5th. Barclays lifted their target price on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America lifted their target price on Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $428.29.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.