Ralph Lauren Co. (RL) To Go Ex-Dividend on December 27th

Ralph Lauren Co. (NYSE:RL) announced a quarterly dividend on Friday, December 13th,RTT News reports. Investors of record on Friday, December 27th will be given a dividend of 0.825 per share by the textile maker on Friday, January 10th. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, December 27th.

Ralph Lauren has raised its dividend payment by an average of 63.4% per year 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 NYSE RL opened at $231.57 on Wednesday. The company has a 50-day simple moving average of $215.37 and a 200-day simple moving average of $190.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The company has a market cap of $14.38 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. Ralph Lauren has a 12 month low of $134.90 and a 12 month high of $237.16.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 earnings per share. On average, equities analysts anticipate that Ralph Lauren will post 11.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RL shares. Raymond James upped their price objective on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company upped their price target on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. UBS Group increased their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and an average 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.