We Are One Seven LLC purchased a new position in shares of PVH Corp (NYSE:PVH) in the third quarter, Holdings Channel reports. The fund purchased 2,268 shares of the textile maker’s stock, valued at approximately $327,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of PVH. Fort L.P. acquired a new position in shares of PVH in the 2nd quarter valued at about $115,000. Opera Trading Capital acquired a new position in shares of PVH in the 2nd quarter valued at about $120,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of PVH by 133.8% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,302 shares of the textile maker’s stock valued at $197,000 after buying an additional 745 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of PVH in the 2nd quarter valued at about $212,000. Finally, United Capital Financial Advisers LLC acquired a new position in shares of PVH in the 1st quarter valued at about $225,000. 95.97% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. ValuEngine cut PVH from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. DA Davidson assumed coverage on PVH in a report on Tuesday, September 25th. They issued a “buy” rating and a $167.00 price objective for the company. UBS Group assumed coverage on PVH in a report on Thursday, June 21st. They issued a “neutral” rating and a $180.00 price objective for the company. Citigroup boosted their price objective on PVH from $179.00 to $188.00 and gave the company a “buy” rating in a report on Friday, June 15th. Finally, Credit Suisse Group boosted their price objective on PVH from $178.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, June 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $172.85.
NYSE PVH opened at $126.05 on Friday. The stock has a market capitalization of $11.08 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.23 and a beta of 0.77. PVH Corp has a twelve month low of $120.91 and a twelve month high of $169.22. The company has a quick ratio of 0.78, a current ratio of 1.72 and a debt-to-equity ratio of 0.52.
PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. PVH’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 EPS. As a group, equities research analysts expect that PVH Corp will post 9.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Wednesday, August 29th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, August 28th. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. PVH’s payout ratio is 1.89%.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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