Walleye Capital LLC Raises Holdings in PVH Corp. (NYSE:PVH)

Walleye Capital LLC raised its holdings in shares of PVH Corp. (NYSE:PVHGet Rating) by 100.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,782 shares of the textile maker’s stock after acquiring an additional 4,411 shares during the quarter. Walleye Capital LLC’s holdings in PVH were worth $500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC boosted its position in shares of PVH by 1.3% in the 2nd quarter. Pzena Investment Management LLC now owns 7,939,967 shares of the textile maker’s stock valued at $451,784,000 after purchasing an additional 103,775 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of PVH by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,215,397 shares of the textile maker’s stock worth $169,740,000 after buying an additional 329,358 shares in the last quarter. Invesco Ltd. raised its stake in shares of PVH by 9.7% during the 1st quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock worth $129,067,000 after buying an additional 148,917 shares in the last quarter. Sound Shore Management Inc CT raised its stake in shares of PVH by 14.2% during the 2nd quarter. Sound Shore Management Inc CT now owns 1,651,076 shares of the textile maker’s stock worth $93,946,000 after buying an additional 205,122 shares in the last quarter. Finally, Viking Global Investors LP raised its stake in shares of PVH by 100.6% during the 1st quarter. Viking Global Investors LP now owns 1,542,375 shares of the textile maker’s stock worth $118,161,000 after buying an additional 773,566 shares in the last quarter. 95.82% of the stock is owned by institutional investors and hedge funds.

PVH Price Performance

PVH stock opened at $61.75 on Wednesday. PVH Corp. has a 52-week low of $43.49 and a 52-week high of $124.50. The stock’s fifty day simple moving average is $51.80 and its 200-day simple moving average is $59.53. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 0.82 and a beta of 2.03.

PVH (NYSE:PVHGet Rating) last issued its earnings results on Tuesday, August 30th. The textile maker reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.07. PVH had a return on equity of 12.72% and a net margin of 10.19%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm earned $2.72 earnings per share. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities research analysts expect that PVH Corp. will post 7.92 EPS for the current year.

PVH Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 30th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.24%. The ex-dividend date is Tuesday, November 29th. PVH’s dividend payout ratio (DPR) is presently 1.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PVH shares. BMO Capital Markets cut their target price on PVH from $88.00 to $79.00 and set a “market perform” rating for the company in a research note on Wednesday, August 31st. Wedbush dropped their price objective on PVH to $65.00 in a research note on Tuesday, September 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $68.00 price objective on shares of PVH in a research note on Friday, July 22nd. Barclays dropped their price objective on PVH from $87.00 to $60.00 in a research note on Friday, September 2nd. Finally, StockNews.com started coverage on PVH in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.53.

PVH Company Profile

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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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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