Ralph Lauren slides 1.12%; closes lower for seven consecutive days

Published: March 19 2023, 07:06 GMT+0

Ralph Lauren slides 1.12%; closes lower for seven consecutive days

A quick look at Friday: 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

With around a day until market open on the New York Stock Exchange, Friday's session saw to it that S&P 500 dropped by 1.1% to close at 3,916.64. Ralph Lauren closed lower Friday, with similar drops noticed throughout the Consumer Cyclical sector (down 0.647%).

Over the past a month, the renowned fashion company has retreated 12.17% from a noteworthy peak of $127.73. So far this year, it has performed better than the S&P 500 by 0.66%. Ralph Lauren's market cap currently stands at $7.32 billion with an average daily trading volume of 893,631 shares. Ralph Lauren's last revenue report was $1.83 billion with an EPS of $3.35.

Just recently, Ralph Lauren's board disclosed a quarterly dividend of 75 cents per share and subsequently paid on Friday, January 13th for all shareholders of record up until Friday, December 30th. The company's decision thereby provides Ralph Lauren investors with an annualised dividend yield of 2.7% (based on current prices).

Ralph Lauren was not the only decliner in the consumer discretionary sector; Toyota went down to $133.48, losing 1.78% after it closed at $135.9 Friday. McDonald's went down 1.25%, closed at $270.57. Walt Disney went down to $93.2, losing 1.16% after it closed at $94.29 Friday.