Arrowstreet Capital Limited Partnership lessened its stake in shares of PVH Corp. (NYSE:PVH – Free Report) by 11.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 736,355 shares of the textile maker’s stock after selling 93,004 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.53% of PVH worth $50,514,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC increased its position in shares of PVH by 4.0% during the 2nd quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock worth $439,564,000 after purchasing an additional 246,070 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of PVH by 170.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,057,013 shares of the textile maker’s stock valued at $147,262,000 after buying an additional 1,296,881 shares during the last quarter. American Century Companies Inc. grew its stake in shares of PVH by 31.8% in the second quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock valued at $72,658,000 after buying an additional 255,755 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of PVH by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 646,995 shares of the textile maker’s stock valued at $41,822,000 after buying an additional 19,340 shares in the last quarter. Finally, Swedbank AB increased its holdings in PVH by 33.6% during the first quarter. Swedbank AB now owns 588,586 shares of the textile maker’s stock worth $38,046,000 after buying an additional 148,103 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.
PVH Stock Down 11.9%
PVH opened at $77.14 on Friday. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37. The company has a market capitalization of $3.71 billion, a P/E ratio of 11.56, a P/E/G ratio of 2.76 and a beta of 1.74. The stock has a fifty day moving average of $80.95 and a 200-day moving average of $78.01.
PVH Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 1.68%.
Analyst Ratings Changes
A number of brokerages have commented on PVH. Jefferies Financial Group reiterated a “buy” rating on shares of PVH in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Wells Fargo & Company raised their target price on shares of PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on PVH from $82.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS Group reissued a “buy” rating and set a $148.00 price target on shares of PVH in a research report on Tuesday, November 25th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.25.
Get Our Latest Analysis on PVH
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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