Hsbc Holdings PLC Sells 28,087 Shares of Ralph Lauren Co. (NYSE:RL)

Hsbc Holdings PLC lessened its holdings in Ralph Lauren Co. (NYSE:RL) by 28.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,014 shares of the textile maker’s stock after selling 28,087 shares during the quarter. Hsbc Holdings PLC’s holdings in Ralph Lauren were worth $12,555,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RL. Acadian Asset Management LLC lifted its position in Ralph Lauren by 15,903.6% during the 1st quarter. Acadian Asset Management LLC now owns 448,902 shares of the textile maker’s stock worth $84,266,000 after buying an additional 446,097 shares in the last quarter. Swedbank AB bought a new position in Ralph Lauren in the first quarter valued at approximately $61,022,000. Los Angeles Capital Management LLC increased its position in shares of Ralph Lauren by 10,207.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 325,208 shares of the textile maker’s stock worth $61,061,000 after purchasing an additional 322,053 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ralph Lauren by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 4,908,575 shares of the textile maker’s stock worth $921,634,000 after purchasing an additional 203,495 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in shares of Ralph Lauren by 11,052.5% in the 1st quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock valued at $33,325,000 after buying an additional 175,956 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RL has been the topic of several analyst reports. StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Barclays upped their target price on shares of Ralph Lauren from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Argus reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Telsey Advisory Group upped their price objective on Ralph Lauren from $195.00 to $207.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Cowen reduced their target price on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

Ralph Lauren Trading Up 0.3 %

Shares of Ralph Lauren stock opened at $185.31 on Monday. Ralph Lauren Co. has a 52-week low of $108.60 and a 52-week high of $192.03. The stock has a market cap of $11.58 billion, a PE ratio of 19.06, a PEG ratio of 1.49 and a beta of 1.49. The firm has a 50-day moving average of $170.22 and a 200-day moving average of $173.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19.

Ralph Lauren (NYSE:RL) last announced its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.34 EPS. As a group, sell-side analysts forecast that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.78%. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.