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

Hsbc Holdings PLC lowered its stake in shares of Ralph Lauren Co. (NYSE:RL) by 28.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,014 shares of the textile maker’s stock after selling 28,087 shares during the quarter. Hsbc Holdings PLC owned approximately 0.12% of Ralph Lauren worth $12,555,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RL. Principal Financial Group Inc. grew its stake in shares of Ralph Lauren by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 66,083 shares of the textile maker’s stock valued at $9,529,000 after purchasing an additional 528 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Ralph Lauren by 9.9% in the 4th quarter. Franklin Resources Inc. now owns 33,019 shares of the textile maker’s stock valued at $4,761,000 after buying an additional 2,972 shares during the period. Commerce Bank raised its position in shares of Ralph Lauren by 90.9% during the fourth quarter. Commerce Bank now owns 6,314 shares of the textile maker’s stock worth $910,000 after acquiring an additional 3,006 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Ralph Lauren by 90.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 10,719 shares of the textile maker’s stock valued at $1,557,000 after acquiring an additional 5,085 shares during the period. Finally, Intech Investment Management LLC bought a new position in Ralph Lauren in the fourth quarter valued at about $1,723,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on RL shares. StockNews.com downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Telsey Advisory Group raised their price objective on shares of Ralph Lauren from $195.00 to $207.00 and gave the company an “outperform” rating in a research note on Friday. 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 research report on Thursday, August 8th. TD Cowen reduced their price target on Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Argus reiterated a “hold” rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $186.00.

Ralph Lauren Stock Up 0.3 %

Shares of Ralph Lauren stock opened at $185.31 on Monday. Ralph Lauren Co. has a 1 year low of $108.60 and a 1 year high of $192.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The company has a market capitalization of $11.58 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The business has a 50-day moving average of $170.22 and a two-hundred day moving average of $173.35.

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

Ralph Lauren Announces Dividend

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

Ralph Lauren Profile

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.