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. Shareholders 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 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% indicating that 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 Performance

Shares of RL stock opened at $227.47 on Friday. Ralph Lauren has a 1 year low of $134.90 and a 1 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 stock has a fifty day moving average price of $211.34 and a 200 day moving average price of $188.48. The stock has a market cap of $14.13 billion, a PE ratio of 21.68, a P/E/G ratio of 1.69 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RL shares. The Goldman Sachs Group lifted their target price on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Raymond James increased their target price on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. TD Cowen increased their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Guggenheim boosted their price objective on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, UBS Group increased their target price on Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $223.90.

About Ralph Lauren

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.