American International Group Inc. raised its holdings in PVH Corp (NYSE:PVH) by 5.2% in the third quarter, HoldingsChannel.com reports. The firm owned 33,810 shares of the textile maker’s stock after purchasing an additional 1,661 shares during the period. American International Group Inc.’s holdings in PVH were worth $4,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. CIBC Asset Management Inc grew its stake in PVH by 4.1% in the 2nd quarter. CIBC Asset Management Inc now owns 8,451 shares of the textile maker’s stock valued at $1,265,000 after purchasing an additional 333 shares during the period. IFP Advisors Inc grew its stake in PVH by 9.0% in the 2nd quarter. IFP Advisors Inc now owns 4,760 shares of the textile maker’s stock valued at $713,000 after purchasing an additional 395 shares during the period. Penserra Capital Management LLC grew its stake in PVH by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 2,944 shares of the textile maker’s stock valued at $425,000 after purchasing an additional 416 shares during the period. Lido Advisors LLC grew its stake in PVH by 26.8% in the 2nd quarter. Lido Advisors LLC now owns 2,062 shares of the textile maker’s stock valued at $308,000 after purchasing an additional 436 shares during the period. Finally, Redpoint Investment Management Pty Ltd grew its stake in PVH by 4.2% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 10,945 shares of the textile maker’s stock valued at $1,639,000 after purchasing an additional 439 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.
A number of brokerages have issued reports on PVH. Telsey Advisory Group restated an “outperform” rating on shares of PVH in a research note on Thursday, August 30th. Piper Jaffray Companies set a $177.00 price objective on PVH and gave the company a “buy” rating in a research note on Thursday, August 30th. Deutsche Bank upped their price objective on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, Bank of America set a $180.00 price target on PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $154.10.
Shares of NYSE PVH opened at $102.44 on Friday. PVH Corp has a one year low of $101.67 and a one year high of $169.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.85 and a current ratio of 1.74. The firm has a market cap of $8.23 billion, a PE ratio of 12.90, a PEG ratio of 0.90 and a beta of 0.88.
PVH (NYSE:PVH) last issued its quarterly earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.07. PVH had a return on equity of 13.00% and a net margin of 7.20%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the firm earned $3.02 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts expect that PVH Corp will post 9.35 EPS for the current fiscal year.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio is presently 1.89%.
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PVH Company Profile
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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