Lingohr Asset Management GmbH acquired a new stake in PVH Corp. (NYSE:PVH – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 51,460 shares of the textile maker’s stock, valued at approximately $4,311,000. Lingohr Asset Management GmbH owned approximately 0.11% of PVH as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PVH. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of PVH in the 3rd quarter valued at about $74,338,000. Federated Hermes Inc. boosted its holdings in PVH by 9.0% in the second quarter. Federated Hermes Inc. now owns 281,149 shares of the textile maker’s stock worth $19,287,000 after acquiring an additional 23,203 shares in the last quarter. Truist Financial Corp grew its stake in PVH by 57.3% in the second quarter. Truist Financial Corp now owns 10,978 shares of the textile maker’s stock valued at $753,000 after acquiring an additional 3,997 shares during the period. Pzena Investment Management LLC increased its holdings in shares of PVH by 4.0% during the second quarter. Pzena Investment Management LLC now owns 6,407,637 shares of the textile maker’s stock valued at $439,564,000 after acquiring an additional 246,070 shares in the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new position in shares of PVH during the second quarter worth approximately $3,430,000. 97.25% of the stock is owned by institutional investors.
PVH Stock Up 0.3%
Shares of NYSE PVH opened at $62.37 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.86 billion, a P/E ratio of 9.35, a P/E/G ratio of 2.21 and a beta of 1.73. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $92.60. The business has a 50-day simple moving average of $70.69 and a two-hundred day simple moving average of $76.61.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on PVH shares. Weiss Ratings restated a “hold (c)” rating on shares of PVH in a report on Thursday, January 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $95.00 price objective on shares of PVH in a report on Thursday, December 4th. Citigroup lowered their price objective on PVH from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, December 8th. BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of PVH in a report on Friday, December 5th. Finally, Guggenheim assumed coverage on PVH in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, PVH currently has an average rating of “Hold” and a consensus price target of $91.60.
Get Our Latest Analysis on PVH
About PVH
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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