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

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 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 raised its dividend by an average of 63.4% per year over the last three years. Ralph Lauren has a payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.6 %

RL stock traded up $1.39 during midday trading on Friday, hitting $227.45. 430,307 shares of the company’s stock were exchanged, compared to its average volume of 846,051. Ralph Lauren has a one year low of $134.90 and a one year high of $237.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The company has a market cap of $14.12 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. The stock’s fifty day moving average price is $210.71 and its 200-day moving average price is $188.11.

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

Wall Street Analysts Forecast Growth

RL has been the subject of a number of research reports. Raymond James increased their price objective on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. The Goldman Sachs Group increased their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Cfra set a $171.00 price target on shares of Ralph Lauren in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.