Hsbc Holdings PLC Has $26.14 Million Holdings in Ralph Lauren Corporation $RL

Hsbc Holdings PLC lifted its position in Ralph Lauren Corporation (NYSE:RL) by 11.0% in the 4th quarter, Holdings Channel reports. The fund owned 73,457 shares of the textile maker’s stock after buying an additional 7,296 shares during the period. Hsbc Holdings PLC’s holdings in Ralph Lauren were worth $26,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RL. Blueline Advisors LLC acquired a new stake in Ralph Lauren during the 4th quarter valued at $27,000. Aventura Private Wealth LLC acquired a new stake in shares of Ralph Lauren in the fourth quarter worth $29,000. JPL Wealth Management LLC acquired a new stake in shares of Ralph Lauren in the third quarter worth $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Ralph Lauren during the fourth quarter valued at $35,000. Finally, Elevated Capital Advisors LLC acquired a new position in Ralph Lauren during the fourth quarter valued at $35,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $360.00 to $400.00 in a research note on Tuesday, March 24th. UBS Group upped their target price on Ralph Lauren from $480.00 to $511.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Barclays raised their price target on shares of Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Bank of America boosted their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $437.00 price objective on shares of Ralph Lauren in a research note on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $430.07.

Ralph Lauren Price Performance

Shares of RL opened at $413.95 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13. The firm has a market cap of $24.64 billion, a PE ratio of 27.40, a PEG ratio of 2.02 and a beta of 1.35. The firm’s 50 day moving average price is $372.27 and its 200 day moving average price is $363.05. Ralph Lauren Corporation has a twelve month low of $266.20 and a twelve month high of $421.60.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, research analysts expect that Ralph Lauren Corporation will post 18.33 EPS for the current fiscal 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 issued a $1.00 dividend. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, June 26th. Ralph Lauren’s dividend payout ratio is currently 24.16%.

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.