Dropping for seven consecutive days, Ralph Lauren closes at $110.92 (down 1.12%)

Published: March 19 2023, 12:31 GMT+0

Dropping for seven consecutive days, Ralph Lauren closes at $110.92 (down 1.12%)

Friday at a glance: during Friday's session, Ralph Lauren Corp toiled and struggled for upward momentum before closing at $110.92. By the close, the the luxury fashion brand suffered a $1.26 or 1.12% loss.

  • The day's trading volume totalled 725,349 shares — slightly below the 21-day average of 893,631.
  • Ralph Lauren discloses 75 cents per share dividend to be paid on Friday, January 13th

As market participants brought Friday's session to a close, S&P 500 slips 1.1% before ending the session at 3,916.64. Ralph Lauren was down Friday while similar drops were seen throughout the Consumer Cyclical sector (down 0.647%).

The renowned fashion company reached a significant high of $127.73 around a month ago but has lost 12.17% since then. So far this year, it has performed better than the S&P by 0.66%. Ralph Lauren is currently trading with a market cap of $7.32 billion with an average daily trading volume of 893,631 shares. $1.83 billion was Ralph Lauren's last reported revenue with $3.35 being the current EPS.

Also, the firm paid out a quarterly dividend of 75 cents per share on Friday, January 13th to all active shareholders as of Friday, December 30th. Eligible investors secured a quarterly dividend yield of 2.7% for this year.