Cwm LLC lessened its position in PVH Corp. (NYSE:PVH – Free Report) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 848 shares of the textile maker’s stock after selling 171 shares during the quarter. Cwm LLC’s holdings in PVH were worth $86,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its stake in PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after purchasing an additional 1,213,069 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in PVH by 14.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares in the last quarter. Point72 Asset Management L.P. grew its stake in PVH by 6,471.3% in the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock valued at $30,611,000 after purchasing an additional 284,739 shares in the last quarter. Pzena Investment Management LLC grew its stake in PVH by 5.3% in the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock valued at $595,382,000 after purchasing an additional 284,269 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in PVH in the second quarter valued at approximately $15,589,000. Institutional investors and hedge funds own 97.25% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Barclays decreased their price target on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group reduced their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group reduced their target price on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company reduced their target price on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.87.
PVH Stock Performance
PVH opened at $93.26 on Friday. The business has a fifty day simple moving average of $97.48 and a 200 day simple moving average of $104.70. The company has a market capitalization of $5.21 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.87 and a beta of 2.11. PVH Corp. has a 1 year low of $71.32 and a 1 year high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.
PVH (NYSE:PVH – Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 EPS. Research analysts expect that PVH Corp. will post 11.66 EPS for the current year.
PVH Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 0.16%. PVH’s dividend payout ratio is presently 1.33%.
PVH Company 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.
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