Ralph Lauren Corporation (RL) To Go Ex-Dividend on June 26th

Ralph Lauren Corporation (NYSE:RL) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, June 26th will be paid a dividend of 1.00 per share by the textile maker on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, June 26th. This is a 9.6% increase from Ralph Lauren’s previous quarterly dividend of $0.91.

Ralph Lauren has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ralph Lauren to earn $20.26 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 19.7%.

Ralph Lauren Stock Down 0.9%

RL stock opened at $407.10 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.04 and a beta of 1.35. Ralph Lauren has a fifty-two week low of $266.20 and a fifty-two week high of $421.60. The stock has a fifty day moving average of $371.53 and a 200-day moving average of $362.65.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. As a group, equities research analysts predict that Ralph Lauren will post 18.33 earnings per share for the current year.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blueline Advisors LLC purchased a new position in Ralph Lauren during the fourth quarter valued at approximately $27,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren in the 4th quarter worth approximately $29,000. JPL Wealth Management LLC purchased a new stake in Ralph Lauren in the 3rd quarter worth approximately $27,000. Flagship Harbor Advisors LLC bought a new position in Ralph Lauren in the 4th quarter valued at $35,000. Finally, Elevated Capital Advisors LLC bought a new position in Ralph Lauren in the 4th quarter valued at $35,000. 67.91% of the stock is currently owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.