State of Alaska Department of Revenue lifted its position in PVH Corp (NYSE:PVH) by 12.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,784 shares of the textile maker’s stock after acquiring an additional 2,859 shares during the quarter. State of Alaska Department of Revenue’s holdings in PVH were worth $2,439,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in PVH. Dimensional Fund Advisors LP boosted its position in PVH by 18.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,212,907 shares of the textile maker’s stock valued at $112,740,000 after purchasing an additional 187,346 shares during the period. Geode Capital Management LLC boosted its position in PVH by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,207,475 shares of the textile maker’s stock valued at $112,075,000 after purchasing an additional 44,504 shares during the period. Norges Bank acquired a new position in PVH during the 4th quarter valued at approximately $76,331,000. Townsend & Associates Inc boosted its position in PVH by 7.3% during the 1st quarter. Townsend & Associates Inc now owns 7,255 shares of the textile maker’s stock valued at $885,000 after purchasing an additional 491 shares during the period. Finally, Polaris Greystone Financial Group LLC acquired a new position in PVH during the 1st quarter worth $352,000. Institutional investors and hedge funds own 94.34% of the company’s stock.
A number of brokerages have issued reports on PVH. Royal Bank of Canada set a $125.00 price target on PVH and gave the stock a “buy” rating in a research report on Friday, May 31st. Piper Jaffray Companies reduced their price target on PVH from $146.00 to $121.00 and set an “in-line” rating for the company in a research report on Thursday, May 30th. Nomura reduced their price target on PVH from $125.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Deutsche Bank reduced their price target on PVH from $178.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. reduced their price target on PVH from $139.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $125.32.
Shares of PVH traded down $2.30 during midday trading on Friday, reaching $80.50. The stock had a trading volume of 2,198,170 shares, compared to its average volume of 1,333,610. PVH Corp has a 52 week low of $80.49 and a 52 week high of $157.63. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $90.22. The firm has a market cap of $6.20 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.67 and a beta of 1.40.
PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 29th. The textile maker reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.02. PVH had a return on equity of 13.03% and a net margin of 6.69%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the business earned $2.36 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that PVH Corp will post 10.27 earnings per share for the current year.
In other news, Director Henry Nasella acquired 1,200 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $82.84 per share, with a total value of $99,408.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.
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, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
Further Reading: Retained Earnings
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