Raymond James & Associates Raises Holdings in PVH Corp. (NYSE:PVH)

Raymond James & Associates increased its position in shares of PVH Corp. (NYSE:PVH) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,444 shares of the textile maker’s stock after purchasing an additional 591 shares during the quarter. Raymond James & Associates’ holdings in PVH were worth $1,635,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in PVH by 10,839.9% during the 4th quarter. International Assets Investment Management LLC now owns 36,758 shares of the textile maker’s stock worth $4,489,000 after acquiring an additional 36,422 shares in the last quarter. Natixis Advisors L.P. lifted its stake in PVH by 5.3% during the 4th quarter. Natixis Advisors L.P. now owns 13,927 shares of the textile maker’s stock worth $1,700,000 after acquiring an additional 698 shares in the last quarter. Jump Financial LLC acquired a new position in PVH during the 4th quarter worth about $486,000. Dimensional Fund Advisors LP lifted its stake in PVH by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,069,531 shares of the textile maker’s stock worth $374,855,000 after acquiring an additional 115,731 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in PVH during the 4th quarter worth about $238,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Performance

Shares of PVH stock opened at $96.60 on Thursday. The stock has a fifty day moving average price of $100.96 and a 200 day moving average price of $113.57. The stock has a market cap of $5.40 billion, a PE ratio of 8.55, a P/E/G ratio of 0.77 and a beta of 2.12. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. PVH’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 earnings per share. Sell-side analysts forecast that PVH Corp. will post 11.47 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is 1.33%.

Analyst Ratings Changes

PVH has been the topic of several recent research reports. TD Cowen cut their price target on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group cut their price target on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Bank of America cut their price target on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company cut their price target on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Finally, StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.73.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.