Ralph Lauren (RL) Declares $0.75 Dividend

Ralph Lauren said on March 17, 2023 that its board of directors declared a regular quarterly dividend of $0.75 per share ($3.00 annualized). Previously, the company paid $0.75 per share.

Shares must be purchased before the ex-div date of March 30, 2023 to qualify for the dividend. Shareholders of record as of March 31, 2023 will receive the payment on April 14, 2023.

At the current share price of $112.09 / share, the stock's dividend yield is 2.68%. Looking back five years and taking a sample every week, the average dividend yield has been 2.41%, the lowest has been 1.44%, and the highest has been 3.57%. The standard deviation of yields is 0.43 (n=178).

The current dividend yield is 0.63 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.38. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

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Analyst Price Forecast Suggests 19.06% Upside

As of March 20, 2023, the average one-year price target for Ralph Lauren is $133.45. The forecasts range from a low of $101.00 to a high of $164.85. The average price target represents an increase of 19.06% from its latest reported closing price of $112.09.

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The projected annual revenue for Ralph Lauren is $6,438MM, an increase of 0.19%. The projected annual non-GAAP EPS is $7.96.

What is the Fund Sentiment?

There are 929 funds or institutions reporting positions in Ralph Lauren. This is an increase of 27 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to RL is 0.25%, an increase of 31.13%. Total shares owned by institutions decreased in the last three months by 1.66% to 53,411K shares. The put/call ratio of RL is 7.73, indicating a bearish outlook.

What are Large Shareholders Doing?

Price T Rowe Associates holds 3,333K shares representing 5.05% ownership of the company. In it's prior filing, the firm reported owning 3,320K shares, representing an increase of 0.39%. The firm increased its portfolio allocation in RL by 22.65% over the last quarter.

Jpmorgan Chase & holds 2,580K shares representing 3.91% ownership of the company. In it's prior filing, the firm reported owning 2,619K shares, representing a decrease of 1.51%. The firm increased its portfolio allocation in RL by 112,418.94% over the last quarter.

Invesco holds 2,147K shares representing 3.25% ownership of the company. In it's prior filing, the firm reported owning 2,224K shares, representing a decrease of 3.58%. The firm increased its portfolio allocation in RL by 9.31% over the last quarter.

TRMCX - T. Rowe Price Mid-Cap Value Fund holds 2,004K shares representing 3.04% ownership of the company. No change in the last quarter.

HS Management Partners holds 1,533K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 2,015K shares, representing a decrease of 31.41%. The firm decreased its portfolio allocation in RL by 99.90% over the last quarter.

Ralph Lauren Background Information
(This description is provided by the company.)

Ralph Lauren Corporation is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, footwear & accessories, home, fragrances and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps and Club Monaco, among others, constitute one of the world's most widely recognized families of consumer brands.

This story originally appeared on Fintel.