Ralph Lauren Corporation (RL) to Issue Quarterly Dividend of $1.00 on October 9th

Ralph Lauren Corporation (NYSE:RL) announced a quarterly dividend on Friday, September 11th. Investors of record on Friday, September 25th will be given a dividend of 1.00 per share by the textile maker on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 25th.

Ralph Lauren has a dividend payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ralph Lauren to earn $20.78 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 19.2%.

Ralph Lauren Stock Performance

Shares of RL stock traded down $5.12 during midday trading on Wednesday, hitting $340.94. 10,617 shares of the company were exchanged, compared to its average volume of 648,080. The firm’s 50 day moving average price is $366.34 and its two-hundred day moving average price is $367.41. The firm has a market capitalization of $20.31 billion, a P/E ratio of 21.50, a PEG ratio of 1.28 and a beta of 1.34. Ralph Lauren has a 52 week low of $299.98 and a 52 week high of $421.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the business posted $3.77 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Ralph Lauren will post 18.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Ralph Lauren from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Citigroup raised their price objective on shares of Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a research note on Friday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $425.00 price target on shares of Ralph Lauren in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $445.67.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.