Exane Asset Management bought a new stake in PVH Corp (NYSE:PVH) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,496 shares of the textile maker’s stock, valued at approximately $224,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fort L.P. bought a new position in shares of PVH in the 2nd quarter worth approximately $115,000. Opera Trading Capital bought a new position in shares of PVH in the 2nd quarter worth approximately $120,000. Cornerstone Advisors Inc. raised its position in shares of PVH by 3,741.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the textile maker’s stock worth $169,000 after acquiring an additional 1,085 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position 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 worth $197,000 after acquiring an additional 745 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of PVH in the 2nd quarter worth approximately $212,000. 95.97% of the stock is owned by institutional investors and hedge funds.
PVH traded up $1.75 during trading on Friday, hitting $126.05. 942,799 shares of the company’s stock traded hands, compared to its average volume of 989,081. The company has a current ratio of 1.72, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. PVH Corp has a 12-month low of $120.91 and a 12-month high of $169.22. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 1.23 and a beta of 0.77.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, August 29th. The textile maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. PVH had a return on equity of 13.07% and a net margin of 7.28%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $1.69 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts forecast that PVH Corp will post 9.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Wednesday, August 29th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, August 28th. This represents a $0.15 annualized dividend and a yield of 0.12%. PVH’s dividend payout ratio is 1.89%.
PVH has been the subject of several research reports. Citigroup increased their target price on PVH from $179.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, June 15th. UBS Group began coverage on PVH in a research note on Thursday, June 21st. They issued a “neutral” rating and a $180.00 price target on the stock. Goldman Sachs Group began coverage on PVH in a research note on Monday, June 25th. They issued a “sell” rating and a $150.00 price target on the stock. Credit Suisse Group upped their price target on PVH from $178.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 26th. Finally, ValuEngine downgraded PVH from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. 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 stock. The stock currently has an average rating of “Buy” and an average target price of $172.85.
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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