Ralph Lauren Corporation (NYSE:RL) to Issue Quarterly Dividend of $0.91

Key Points

• Ralph Lauren Corporation declared a quarterly dividend of $0.91, with record investors set to receive it on October 10th, reflecting an annual yield of 1.2%.
• The company reported earnings of $3.77 per share for the last quarter, outperforming analysts' expectations of $3.50, with a significant revenue increase of 13.7% year-over-year.
• Recent analyst ratings show a consensus of "Moderate Buy" for Ralph Lauren shares, with price targets ranging from $335 to $404 following several upgrades from major firms.

Ralph Lauren Corporation (NYSE:RL - Get Free Report) declared a quarterly dividend on Friday, September 12th, RTT News reports. Investors of record on Friday, September 26th will be given a dividend of 0.9125 per share by the textile maker on Friday, October 10th. This represents a c) dividend on an annualized basis and a yield of 1.2%.

Ralph Lauren has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.4%

Ralph Lauren stock traded down $1.12 during mid-day trading on Friday, reaching $315.23. The company's stock had a trading volume of 518,095 shares, compared to its average volume of 561,186. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. Ralph Lauren has a 12 month low of $176.61 and a 12 month high of $321.77. The business's 50 day simple moving average is $296.18 and its 200 day simple moving average is $262.21. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.70 earnings per share. As a group, research analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Wall Street Analyst Weigh In

RL has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the company a "buy" rating in a research note on Friday. UBS Group raised their target price on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Barclays restated an "overweight" rating and set a $360.00 target price (up previously from $321.00) on shares of Ralph Lauren in a research note on Friday, August 8th. Cowen restated a "buy" rating on shares of Ralph Lauren in a research note on Thursday, May 22nd. Finally, Cfra Research upgraded shares of Ralph Lauren from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ralph Lauren currently has a consensus rating of "Moderate Buy" and a consensus target price of $308.76.

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.