Strategy Asset Managers LLC purchased a new position in PVH Corp (NYSE:PVH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,478 shares of the textile maker’s stock, valued at approximately $2,524,000.
Other large investors have also bought and sold shares of the company. Fort L.P. purchased a new position in shares of PVH in the second quarter worth about $115,000. Opera Trading Capital purchased a new position in shares of PVH in the second quarter worth about $120,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of PVH in the second quarter worth about $212,000. Exane Asset Management purchased a new position in shares of PVH in the second quarter worth about $224,000. Finally, Brown Advisory Inc. purchased a new position in shares of PVH in the first quarter worth about $230,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the stock. Piper Jaffray Companies set a $177.00 price target on shares of PVH and gave the stock a “buy” rating in a research note on Thursday, August 30th. Deutsche Bank raised their price target on shares of PVH from $171.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Friday, August 17th. Bank of America set a $180.00 price objective on shares of PVH and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, DA Davidson started coverage on shares of PVH in a research report on Tuesday, September 25th. They set a “buy” rating and a $167.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $170.30.
PVH stock opened at $126.19 on Monday. PVH Corp has a 12-month low of $116.52 and a 12-month high of $169.22. The stock has a market cap of $9.68 billion, a P/E ratio of 15.89, a PEG ratio of 1.08 and a beta of 0.92. 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 data on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.09. PVH had a net margin of 7.28% and a return on equity of 13.07%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business earned $1.69 earnings per share. PVH’s revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that PVH Corp will post 9.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, November 27th. PVH’s dividend payout ratio is presently 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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