RTT News has reported that The Ralph Lauren Company (NYSE: RL) made a statement on September 16 regarding the quarterly dividend payment. The shareholders of the textile firm who were documented as having ownership as of September 30 will be eligible to receive a 0.75 cent dividend payment per share from the company. This translates to a dividend yield of 3.22 percent and a yearly payout of three dollars. The dividend payout made by Ralph Lauren has increased annually during the most recent year after experiencing a drop on an annual average of 4.6% over the three years preceding this most recent one. According to the payout ratio that Ralph Lauren maintains, which is 38.6%, the dividend that the company distributes is adequately covered by its earnings.
The majority opinion of specialists in the relevant field is that Ralph Lauren will achieve a revenue of $8.92 per share during the next financial year. If this is the case, and the corporation maintains its current payout ratio of 33.6%, then it will be able to maintain its annual dividend payment at $3, as it has been doing thus far. When trading started on Friday, one share of NYSE: RL was valued at $93.08 per share. This stock’s simple moving average over the past 50 days comes in at $95.50, and its simple moving average over the past 200 days comes in at $101.10. The current market capitalization of the company’s shares is estimated to be worth $6.52 billion. The price-to-earnings ratio (P/E ratio), price-to-earnings-growth ratio (P/E-growth ratio), and beta value of the stock are each estimated to be 12.30, 3.98, and 1.38, respectively. The debt-to-equity ratio, current ratio, and quick ratio all come in at the same number: 0.62, 2.05, and 1.37, respectively.
During the past year, the price of Ralph Lauren has fluctuated between $86.54 and $135.99, with a low point of $86.54 and a high point of $135.99. Multiple research industry professionals were asked for their perspectives in response to recent developments regarding RL stock. In a research report published on May 25, Telsey Advisory Group lowered its “outperform” rating on Ralph Lauren stock and decreased its price target on the stock from $160.00 to $140.00 in a research report. The report was on the company’s stock and was titled “May 25 Research Update.” In a research report that was made public on May 25, Wells Fargo & Company concluded that the reasonable price goal for Ralph Lauren shares should now be established at $95.00. The report was made public by the company. In a research note released on Wednesday, August 17, Cowen downgraded their “outperform” rating on Ralph Lauren shares and cut their price objective on the company’s stock from $142.00 to $128.00.00 in a research note.
In addition, the price target for the stock had previously been set at $142. Barclays raised its price objective on Ralph Lauren stock from $99.00 to $106.00 in a research report made available to the general public on Thursday, August 11. Additionally, the brokerage firm gave the company an equal weight rating. In the end, Cowen lowered their price objective on Ralph Lauren shares from $142,000 to $128,000 in a research report published on Wednesday, August 17. The study was made public. They maintained that they would maintain an “outperform” rating for the company, notwithstanding this shift. Seven financial analysts have indicated that investors purchase the stock; six have suggested that investors maintain their current holdings, and one has recommended that investors sell the shares. The current consensus recommendation for the company, according to Bloomberg.com, is “Hold,” and the price goal for the business has been set at $118.92 per share.
Several hedge funds’ level of interest in RL has shifted significantly throughout the past few months. The investment firm, Covestor Ltd., increased the amount of Ralph Lauren stock in its portfolio by 89.6% during the year’s first three months. At the moment, Covestor Ltd. possesses 916 shares of the textile manufacturer’s stock, collectively worth $104,000. This shows an increase of 433 shares that were acquired during the most recent quarter of the most recent fiscal year. During the first quarter of the fiscal year, Loomis Sayles & Co. L.P. purchased an additional about $200,000 worth of Ralph Lauren Corporation stock shares. Bridgefront Capital LLC made a new investment in the form of stock in Ralph Lauren during the first three months of the year.
The stock had a value of roughly $212,000 at the time of the investment. Delphia USA Inc. made a fresh investment in Ralph Lauren shares during the year’s first three months. The total cost of this purchase was close to two hundred thousand dollars. Lastly, but certainly not least, during the first quarter, PNC Financial Services Group Inc. increased the amount of Ralph Lauren stock that is owned by 22.7%, bringing the total to 100%. PNC Financial Services Group Inc. now has 2,048 shares of the stock of the textile producer, which have a combined worth of $233,000. This is a direct consequence of the corporation purchasing an additional 379 shares during the quarter in question. Institutional investors now own 63.02% of the company’s shares, which many different investors hold.
Ralph Lauren Corporation is in the business of designing, distributing, and retailing lifestyle products all over the world, especially in North America, Europe, Asia, and other countries. These activities fall under the umbrella of “lifestyle products.” In addition to selling pieces of clothing for people of both sexes, the company also sells accessories like hats, scarves, gloves, and umbrellas. In addition to selling bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, and floor coverings, it also sells leather products such as purses, luggage, small leather items, and belts. Leather goods are sold separately. In addition to that, it sells a variety of small leather products.