Ralph Lauren Corporation $RL Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Ralph Lauren Corporation (NYSE:RL) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,457 shares of the textile maker’s stock after purchasing an additional 7,296 shares during the quarter. Hsbc Holdings PLC owned about 0.12% of Ralph Lauren worth $26,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blueline Advisors LLC acquired a new stake in shares of Ralph Lauren in the 4th quarter worth approximately $27,000. Aventura Private Wealth LLC acquired a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new position in shares of Ralph Lauren during the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in Ralph Lauren during the fourth quarter worth approximately $35,000. Finally, Elevated Capital Advisors LLC bought a new stake in Ralph Lauren during the fourth quarter worth approximately $35,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

NYSE RL opened at $413.95 on Thursday. Ralph Lauren Corporation has a 1 year low of $266.20 and a 1 year high of $421.60. The business’s fifty day moving average is $372.27 and its two-hundred day moving average is $363.05. The stock has a market capitalization of $24.64 billion, a P/E ratio of 27.40, a P/E/G ratio of 2.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13.

Ralph Lauren (NYSE:RL) last released 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 business 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 company’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $2.27 EPS. On average, research analysts forecast that Ralph Lauren Corporation will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $1.00 dividend. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is 24.16%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RL shares. Telsey Advisory Group increased their price target on Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday. Wall Street Zen lowered Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $400.00 in a report on Tuesday, March 24th. Finally, Barclays boosted their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and a consensus price target of $430.07.

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.