Hsbc Holdings PLC Sells 12,439 Shares of Ralph Lauren Co. (NYSE:RL)

Hsbc Holdings PLC lowered its stake in Ralph Lauren Co. (NYSE:RL - Free Report) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,741 shares of the textile maker's stock after selling 12,439 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Ralph Lauren worth $12,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. World Investment Advisors LLC purchased a new position in shares of Ralph Lauren during the third quarter valued at $19,320,000. Wilmington Savings Fund Society FSB grew its stake in Ralph Lauren by 137.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,849 shares of the textile maker's stock valued at $552,000 after acquiring an additional 1,649 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Ralph Lauren by 24.4% in the 3rd quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker's stock valued at $17,425,000 after purchasing an additional 16,575 shares during the period. Retirement Systems of Alabama lifted its position in shares of Ralph Lauren by 2.0% in the third quarter. Retirement Systems of Alabama now owns 8,781 shares of the textile maker's stock worth $1,702,000 after purchasing an additional 169 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Ralph Lauren during the third quarter worth approximately $94,831,000. Institutional investors and hedge funds own 67.91% of the company's stock.

Ralph Lauren Stock Performance

RL stock traded up $0.84 on Wednesday, reaching $224.79. 673,525 shares of the company were exchanged, compared to its average volume of 840,932. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren Co. has a 12 month low of $155.96 and a 12 month high of $289.33. The stock's fifty day moving average price is $223.00 and its 200 day moving average price is $228.81. The firm has a market capitalization of $13.88 billion, a PE ratio of 20.51, a PEG ratio of 1.73 and a beta of 1.38.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 EPS for the quarter, beating analysts' consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. On average, research analysts anticipate that Ralph Lauren Co. will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.825 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.47%. Ralph Lauren's dividend payout ratio (DPR) is currently 30.11%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RL shares. Wells Fargo & Company upgraded shares of Ralph Lauren from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $275.00 to $240.00 in a research report on Tuesday, April 8th. Guggenheim lifted their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Ralph Lauren from $285.00 to $342.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Jefferies Financial Group lifted their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Argus raised shares of Ralph Lauren from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $272.14.

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