Ralph Lauren Corp (RL) to Issue $0.50 Quarterly Dividend
Ralph Lauren Corp (NYSE:RL) declared a quarterly dividend on Thursday, December 14th, RTT News reports. Shareholders 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 annualized dividend and a yield of 2.07%.
Ralph Lauren (NYSE RL) traded up $0.60 during mid-day trading on Thursday, reaching $96.85. The company’s stock had a trading volume of 999,199 shares, compared to its average volume of 1,530,000. 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 company has a market capitalization of $7,870.00, a price-to-earnings ratio of 17.12, a PEG ratio of 1.19 and a beta of 0.66. Ralph Lauren has a 52-week low of $66.06 and a 52-week high of $103.86.
Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren had a return on equity of 14.06% and a net margin of 1.29%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 earnings per share. sell-side analysts expect that Ralph Lauren will post 5.61 earnings per share for the current year.
Several research analysts have weighed in on RL shares. Cowen set a $89.00 target price on Ralph Lauren and gave the stock a “hold” rating in a report on Tuesday, October 24th. Macquarie upgraded Ralph Lauren to a “buy” rating and boosted their price target for the company from $96.00 to $100.00 in a report on Tuesday, September 5th. Tigress Financial restated a “hold” rating on shares of Ralph Lauren in a report on Thursday, September 28th. Miller Tabak lowered Ralph Lauren from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Credit Suisse Group upgraded Ralph Lauren from a “neutral” rating to an “outperform” rating and set a $111.00 price target on the stock in a report on Friday, September 8th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $88.66.
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.
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