Signaturefd LLC lifted its position in shares of PVH Corp. (NYSE:PVH – Free Report) by 103.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,827 shares of the textile maker’s stock after purchasing an additional 1,438 shares during the period. Signaturefd LLC’s holdings in PVH were worth $194,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. UMB Bank n.a. raised its position in PVH by 63.3% in the second quarter. UMB Bank n.a. now owns 619 shares of the textile maker’s stock worth $42,000 after acquiring an additional 240 shares during the period. Smartleaf Asset Management LLC raised its position in PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock worth $52,000 after acquiring an additional 185 shares during the period. Allworth Financial LP raised its position in PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker’s stock worth $60,000 after acquiring an additional 408 shares during the period. Fifth Third Bancorp raised its position in PVH by 28.9% in the second quarter. Fifth Third Bancorp now owns 1,061 shares of the textile maker’s stock worth $73,000 after acquiring an additional 238 shares during the period. Finally, GAMMA Investing LLC raised its position in PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker’s stock worth $74,000 after acquiring an additional 661 shares during the period. 97.25% of the stock is owned by institutional investors.
PVH Price Performance
Shares of NYSE:PVH opened at $82.56 on Friday. The company has a 50 day moving average of $80.65 and a 200 day moving average of $74.88. The stock has a market cap of $3.97 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.68 and a beta of 1.89. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46.
PVH Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 3rd. PVH’s payout ratio is currently 1.68%.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Evercore ISI lowered their price target on shares of PVH from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, June 5th. BMO Capital Markets lowered their price target on shares of PVH from $93.00 to $84.00 and set a “market perform” rating on the stock in a research report on Thursday, June 5th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price target on shares of PVH in a research report on Thursday, June 5th. Finally, Cowen reissued a “buy” rating on shares of PVH in a research report on Friday, June 6th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average target price of $95.27.
Check Out Our Latest Stock Analysis on PVH
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.
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