Ralph Lauren Corporation (RL) To Go Ex-Dividend on September 25th

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

Ralph Lauren has a dividend payout ratio of 26.2% meaning 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 Trading Down 1.3%

RL opened at $341.71 on Wednesday. The stock’s 50 day moving average price is $366.34 and its 200-day moving average price is $367.41. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 1.28 and a beta of 1.34. 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 has a one year low of $299.98 and a one year high of $421.60.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.77 earnings per share. On average, equities analysts forecast that Ralph Lauren will post 18.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RL. JPMorgan Chase & Co. upped their price objective on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a research report on Friday, August 7th. UBS Group increased their price target on Ralph Lauren from $511.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Telsey Advisory Group upped their price objective on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Citigroup lifted their target price on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ralph Lauren 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.