PVH Corp. (NYSE:PVH) Shares Bought by Rhumbline Advisers
Rhumbline Advisers raised its stake in PVH Corp. (NYSE:PVH – Get Rating) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,791 shares of the textile maker’s stock after acquiring an additional 11,555 shares during the period. Rhumbline Advisers owned 0.21% of PVH worth $7,840,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in PVH in the second quarter valued at approximately $38,000. Sentry Investment Management LLC raised its holdings in PVH by 2,820.0% during the first quarter. Sentry Investment Management LLC now owns 584 shares of the textile maker’s stock worth $45,000 after purchasing an additional 564 shares in the last quarter. Covestor Ltd raised its holdings in PVH by 69.3% during the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after purchasing an additional 244 shares in the last quarter. Prospera Financial Services Inc bought a new stake in PVH during the first quarter worth approximately $90,000. Finally, Captrust Financial Advisors increased its holdings in shares of PVH by 38.3% in the first quarter. Captrust Financial Advisors now owns 1,535 shares of the textile maker’s stock valued at $118,000 after buying an additional 425 shares in the last quarter. 95.82% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Guggenheim dropped their price target on PVH from $130.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, August 31st. Credit Suisse Group boosted their price target on shares of PVH from $85.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday. Wedbush upped their price objective on shares of PVH to $77.00 in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PVH from $99.00 to $72.00 and set a “hold” rating for the company in a report on Friday, September 2nd. Finally, UBS Group upped their price target on shares of PVH from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, PVH presently has a consensus rating of “Hold” and an average price target of $80.35.
PVH Stock Performance
Shares of PVH stock opened at $72.93 on Friday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.89 and a beta of 2.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.35. The company has a 50-day simple moving average of $53.97 and a 200 day simple moving average of $59.23. PVH Corp. has a 52 week low of $43.49 and a 52 week high of $113.78.
PVH (NYSE:PVH – Get Rating) last released its quarterly earnings data on Tuesday, August 30th. The textile maker reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.07. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.21 billion. PVH had a net margin of 5.05% and a return on equity of 12.23%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 EPS. On average, sell-side analysts predict that PVH Corp. will post 7.92 earnings per share for the current year.
PVH Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, November 30th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Tuesday, November 29th. PVH’s dividend payout ratio is 2.38%.
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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