Ralph Lauren Co. to Issue Quarterly Dividend of $0.50 (RL)

Ralph Lauren Co. (NYSE:RL) declared a quarterly dividend on Thursday, March 15th, RTT News reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.50 per share by the textile maker on Friday, April 13th. This represents a $2.00 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, March 28th.

Ralph Lauren has raised its dividend payment by an average of 3.6% annually over the last three years. Ralph Lauren has a payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ralph Lauren to earn $6.12 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 32.7%.

How to Become a New Pot Stock Millionaire

Shares of RL traded down $2.62 during midday trading on Friday, hitting $111.77. The company’s stock had a trading volume of 848,393 shares, compared to its average volume of 679,877. Ralph Lauren has a one year low of $66.06 and a one year high of $119.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.07. The firm has a market cap of $9,298.65, a price-to-earnings ratio of 19.57, a PEG ratio of 1.83 and a beta of 0.64.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company posted $1.86 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. research analysts forecast that Ralph Lauren will post 5.98 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on RL shares. Telsey Advisory Group boosted their price objective on Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Bank of America boosted their price objective on Ralph Lauren from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Thursday. Nomura boosted their price objective on Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada restated a “hold” rating and set a $113.00 price objective on shares of Ralph Lauren in a research report on Friday, February 2nd. Five analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $97.76.

TRADEMARK VIOLATION NOTICE: “Ralph Lauren Co. to Issue Quarterly Dividend of $0.50 (RL)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/07/ralph-lauren-corp-to-issue-quarterly-dividend-of-0-50-rl.html.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.

Dividend History for Ralph Lauren (NYSE:RL)

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply