Hsbc Holdings PLC Trims Stock Position in Ralph Lauren Corporation $RL

HSBC Holdings PLC reduced its stake in Ralph Lauren Corporation by 10.5% in Q2, now owning 65,980 shares valued at $18,055,000. Other institutional investors have also adjusted their positions. Ralph Lauren's stock opened at $355.85, with a market cap of $21.58 billion. Analysts have given the stock a "Moderate Buy" rating, with several increasing their price targets. The company reported strong quarterly earnings, with revenue up 16.5% year-over-year.

Hsbc Holdings PLC decreased its stake in Ralph Lauren Corporation (NYSE:RL - Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,980 shares of the textile maker's stock after selling 7,774 shares during the period. Hsbc Holdings PLC owned 0.11% of Ralph Lauren worth $18,055,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in Ralph Lauren by 277.3% in the second quarter. Quadrant Capital Group LLC now owns 1,294 shares of the textile maker's stock valued at $355,000 after acquiring an additional 951 shares during the last quarter. Choreo LLC lifted its holdings in shares of Ralph Lauren by 41.5% in the 2nd quarter. Choreo LLC now owns 2,770 shares of the textile maker's stock valued at $762,000 after purchasing an additional 812 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Ralph Lauren in the 2nd quarter valued at about $647,000. Global Retirement Partners LLC acquired a new stake in shares of Ralph Lauren in the 2nd quarter valued at about $210,000. Finally, Coldstream Capital Management Inc. grew its stake in Ralph Lauren by 6.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 806 shares of the textile maker's stock worth $221,000 after buying an additional 48 shares during the last quarter. 67.91% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Performance

NYSE:RL opened at $355.85 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. Ralph Lauren Corporation has a fifty-two week low of $176.61 and a fifty-two week high of $374.00. The firm's fifty day simple moving average is $329.76 and its 200-day simple moving average is $303.26. The stock has a market cap of $21.58 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52.

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Ralph Lauren (NYSE:RL - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $2.54 earnings per share. The firm's revenue was up 16.5% on a year-over-year basis. Analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.9125 dividend. This represents a $3.65 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren's dividend payout ratio (DPR) is presently 26.98%.

Wall Street Analysts Forecast Growth

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RL has been the subject of several research analyst reports. Zacks Research raised Ralph Lauren to a "strong-buy" rating in a report on Tuesday, August 12th. UBS Group upped their price target on shares of Ralph Lauren from $421.00 to $435.00 and gave the company a "buy" rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Evercore ISI lifted their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an "outperform" rating in a research note on Monday, November 3rd. Finally, Jefferies Financial Group increased their target price on shares of Ralph Lauren from $365.00 to $385.00 and gave the stock a "buy" rating in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ralph Lauren has an average rating of "Moderate Buy" and a consensus target price of $347.13.

Check Out Our Latest Report on RL

Ralph Lauren Profile

(Free Report)

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.

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