Hsbc Holdings PLC Boosts Stake in Ralph Lauren Corporation $RL

Hsbc Holdings PLC increased its holdings in Ralph Lauren Corporation (NYSE:RL) by 11.0% during the 4th quarter, HoldingsChannel reports. The fund owned 73,457 shares of the textile maker’s stock after acquiring an additional 7,296 shares during the quarter. Hsbc Holdings PLC’s holdings in Ralph Lauren were worth $26,136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock valued at $758,000 after purchasing an additional 174 shares in the last quarter. Empowered Funds LLC grew its position in shares of Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after buying an additional 114 shares in the last quarter. Woodline Partners LP grew its position in shares of Ralph Lauren by 39.5% during the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after buying an additional 954 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Ralph Lauren by 29.5% in the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after buying an additional 869 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Ralph Lauren in the second quarter worth $386,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $396.71 on Tuesday. The company has a market cap of $23.61 billion, a PE ratio of 26.25, a P/E/G ratio of 1.98 and a beta of 1.34. The company has a fifty day moving average price of $376.06 and a two-hundred day moving average price of $365.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. Ralph Lauren Corporation has a 12 month low of $273.04 and a 12 month high of $421.60.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. Research analysts expect that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s payout ratio is currently 26.47%.

Analysts Set New Price Targets

A number of research firms have commented on RL. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Bank of America boosted their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Wells Fargo & Company upped their target price on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Wall Street Zen raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren has an average rating of “Moderate Buy” and an average target price 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.