First Trust Advisors LP lifted its holdings in shares of PVH Corp (NYSE:PVH) by 38.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,841 shares of the textile maker’s stock after acquiring an additional 27,487 shares during the quarter. First Trust Advisors LP’s holdings in PVH were worth $14,273,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in PVH by 9.1% in the second quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock worth $1,029,292,000 after purchasing an additional 575,989 shares in the last quarter. Millennium Management LLC grew its stake in PVH by 118.4% in the second quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock worth $140,189,000 after purchasing an additional 507,641 shares in the last quarter. Northern Trust Corp grew its stake in PVH by 3.2% in the second quarter. Northern Trust Corp now owns 926,690 shares of the textile maker’s stock worth $138,744,000 after purchasing an additional 28,979 shares in the last quarter. Janus Henderson Group PLC grew its stake in PVH by 67.4% in the second quarter. Janus Henderson Group PLC now owns 905,694 shares of the textile maker’s stock worth $135,601,000 after purchasing an additional 364,759 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its stake in PVH by 2.3% in the second quarter. Congress Asset Management Co. MA now owns 693,195 shares of the textile maker’s stock worth $103,785,000 after purchasing an additional 15,778 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE PVH opened at $121.41 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.72 and a quick ratio of 0.78. The company has a market cap of $9.53 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92. PVH Corp has a 12-month low of $116.52 and a 12-month high of $169.22.
PVH (NYSE:PVH) last issued 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. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 earnings per share. On average, analysts predict that PVH Corp will post 9.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH’s dividend payout ratio is presently 1.89%.
PVH has been the subject of a number of research reports. ValuEngine downgraded PVH from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Barclays set a $178.00 target price on PVH and gave the company a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Monday, October 22nd. Telsey Advisory Group restated an “outperform” rating on shares of PVH in a research note on Thursday, August 30th. Finally, Deutsche Bank lifted their target price on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $169.30.
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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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