Ralph Lauren Co. (NYSE:RL) Raises Dividend to $0.91 Per Share

Ralph Lauren Co. (NYSE:RL - Get Free Report) announced a quarterly dividend on Thursday, May 22nd, RTT News reports. Shareholders of record on Friday, June 27th will be given a dividend of 0.9125 per share by the textile maker on Friday, July 11th. This represents a $3.65 annualized dividend and a yield of 1.33%. This is a 10.6% increase from Ralph Lauren's previous quarterly dividend of $0.83.

Ralph Lauren has increased its dividend payment by an average of 16.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Ralph Lauren has a payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ralph Lauren to earn $13.61 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 24.2%.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $273.79 on Thursday. Ralph Lauren has a fifty-two week low of $155.96 and a fifty-two week high of $289.33. The firm's 50 day simple moving average is $226.09 and its 200-day simple moving average is $234.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market cap of $16.91 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The textile maker reported $2.27 EPS for the quarter, topping the consensus estimate of $1.95 by $0.32. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. During the same quarter in the previous year, the company earned $1.71 earnings per share. The business's quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts predict that Ralph Lauren will post 12.01 EPS for the current year.

Institutional Trading of Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ralph Lauren by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker's stock valued at $758,000 after acquiring an additional 174 shares during the period. Empowered Funds LLC boosted its position in Ralph Lauren by 0.9% in the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker's stock valued at $2,723,000 after buying an additional 114 shares in the last quarter. Woodline Partners LP grew its stake in Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker's stock worth $744,000 after buying an additional 954 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in Ralph Lauren by 29.5% during the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker's stock worth $841,000 after buying an additional 869 shares during the last quarter. Institutional investors own 67.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RL. Barclays set a $260.00 price target on shares of Ralph Lauren and gave the company an "overweight" rating in a report on Monday, April 28th. Citigroup cut their price objective on Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. StockNews.com downgraded Ralph Lauren from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Raymond James lowered shares of Ralph Lauren from an "outperform" rating to a "market perform" rating in a research report on Monday, January 27th. Finally, TD Cowen upped their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $277.29.

Ralph Lauren Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.