Ralph Lauren Corporation (NYSE:RL) Declares $0.91 Quarterly Dividend

Ralph Lauren Corporation (NYSE:RL) declared a quarterly dividend on Friday, March 13th. Investors of record on Friday, March 27th will be paid a dividend of 0.9125 per share by the textile maker on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 27th.

Ralph Lauren has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 years. Ralph Lauren has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ralph Lauren to earn $13.61 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 26.8%.

Ralph Lauren Price Performance

NYSE RL opened at $343.81 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. Ralph Lauren has a 1 year low of $176.61 and a 1 year high of $389.15. The company has a market cap of $20.81 billion, a PE ratio of 23.40, a PEG ratio of 1.32 and a beta of 1.47. The stock’s 50-day moving average price is $356.47 and its two-hundred day moving average price is $344.58.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping the consensus estimate of $5.80 by $0.42. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company posted $4.82 earnings per share. On average, analysts predict that Ralph Lauren will post 12.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RL. Weiss Ratings downgraded shares of Ralph Lauren from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $422.00 target price on shares of Ralph Lauren in a research note on Thursday, January 8th. UBS Group reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, March 3rd. Barclays lifted their price target on Ralph Lauren from $416.00 to $430.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Finally, Guggenheim initiated coverage on Ralph Lauren in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus price target of $391.56.

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.