Ralph Lauren Co. (NYSE:RL) to Issue Quarterly Dividend of $0.83

Ralph Lauren Co. (NYSE:RL - Get Free Report) announced a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Friday, March 28th will be given a dividend of 0.825 per share by the textile maker on Friday, April 11th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, March 28th.

Ralph Lauren has raised its dividend payment by an average of 16.1% per year over the last three years. Ralph Lauren has a dividend payout ratio of 21.0% indicating that 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 $3.30 annual dividend with an expected future payout ratio of 24.2%.

Ralph Lauren Price Performance

NYSE RL traded down $0.50 during trading on Tuesday, reaching $219.52. The company's stock had a trading volume of 1,247,791 shares, compared to its average volume of 779,943. The stock has a market capitalization of $13.56 billion, a PE ratio of 20.03, a P/E/G ratio of 1.73 and a beta of 1.50. 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 firm has a fifty day moving average of $253.47 and a 200 day moving average of $223.17. Ralph Lauren has a one year low of $155.96 and a one year high of $289.33.

Ralph Lauren (NYSE:RL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Analysts expect that Ralph Lauren will post 12.01 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. TD Cowen upped their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Needham & Company LLC started coverage on Ralph Lauren in a report on Wednesday, February 12th. They set a "buy" rating and a $310.00 target price for the company. Finally, Guggenheim increased their target price on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $284.62.

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.