Ralph Lauren Corp (NYSE:RL) declared a quarterly dividend on Thursday, December 14th, RTT News reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.50 per share by the textile maker on Friday, January 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, December 28th.

Ralph Lauren has increased its dividend payment by an average of 18.6% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Ralph Lauren has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ralph Lauren to earn $5.28 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 37.9%.

Ralph Lauren (NYSE RL) traded up $1.59 during trading hours on Wednesday, hitting $103.39. 645,900 shares of the stock were exchanged, compared to its average volume of 1,526,617. The company has a current ratio of 2.09, a quick ratio of 1.55 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $8,273.79, a price-to-earnings ratio of 106.59, a PEG ratio of 2.08 and a beta of 0.66. Ralph Lauren has a twelve month low of $66.06 and a twelve month high of $104.00.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a net margin of 8.64% and a return on equity of 16.79%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 earnings per share. equities analysts expect that Ralph Lauren will post 5.56 earnings per share for the current year.

In other news, insider Valerie Hermann sold 2,400 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the completion of the transaction, the insider now directly owns 35,028 shares in the company, valued at $3,195,254.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.93% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on RL shares. TheStreet upgraded shares of Ralph Lauren from a “c” rating to a “b-” rating in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, October 10th. Macquarie upgraded shares of Ralph Lauren to a “buy” rating and boosted their target price for the company from $96.00 to $100.00 in a report on Tuesday, September 5th. Citigroup boosted their target price on shares of Ralph Lauren from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ralph Lauren currently has an average rating of “Hold” and a consensus target price of $88.66.

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Ralph Lauren Company Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Dividend History for Ralph Lauren (NYSE:RL)

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