Ralph Lauren (RL) Declares Quarterly Dividend of $0.40
Ralph Lauren (NYSE:RL) declared a quarterly dividend on Monday, March 18th. Shareholders of record on Friday, March 29th will be given a dividend of $0.40 per share on Friday, April 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%.
Several analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Ralph Lauren in a research note to investors on Thursday. They now have a $198.00 price target on the stock. On the ratings front, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Ralph Lauren in a research note to investors on Tuesday, March 12th. They now have a $190.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Ralph Lauren in a research note to investors on Friday, March 1st.
Nine analysts have rated the stock with a buy rating, one has issued an overweight rating, and eight have issued a hold rating to the company’s stock. The company has a consensus rating of “overweight” and an average price target of $192.38.
Shares of Ralph Lauren (NYSE: RL) traded down 1.21% during mid-day trading on Monday, hitting $169.22. Ralph Lauren has a 52 week low of $134.29 and a 52 week high of $179.90. The stock’s 50-day moving average is currently $172.6. The company has a market cap of $15.351 billion and a P/E ratio of 22.53.
Ralph Lauren (NYSE: RL) last released its earnings data on Wednesday, February 6th. The company reported $2.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.19 by $0.12. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Ralph Lauren will post $8.03 EPS for the current fiscal year.
Ralph Lauren Corporation, formerly Polo Ralph Lauren Corporation, is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (including footwear), fragrances and home furnishings.
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