Global Financial Private Capital LLC cut its holdings in PVH Corp (NYSE:PVH) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,764 shares of the textile maker’s stock after selling 2,128 shares during the period. Global Financial Private Capital LLC’s holdings in PVH were worth $3,287,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC increased its holdings in shares of PVH by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 2,944 shares of the textile maker’s stock worth $425,000 after buying an additional 416 shares during the last quarter. Icon Advisers Inc. Co. bought a new stake in shares of PVH in the 3rd quarter worth about $347,000. Strategy Asset Managers LLC bought a new stake in shares of PVH in the 3rd quarter worth about $2,524,000. Wedge Capital Management L L P NC increased its holdings in shares of PVH by 36.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 7,124 shares of the textile maker’s stock worth $1,029,000 after buying an additional 1,916 shares during the last quarter. Finally, USA Financial Portformulas Corp bought a new position in PVH during the 3rd quarter valued at about $2,520,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.
PVH has been the topic of several analyst reports. ValuEngine downgraded shares of PVH from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Barclays set a $178.00 price target on shares of PVH and gave the company a “buy” rating in a report on Thursday, October 18th. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, October 22nd. Telsey Advisory Group reiterated an “outperform” rating on shares of PVH in a report on Thursday, August 30th. Finally, Deutsche Bank upped their price target on shares of PVH from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. PVH presently has a consensus rating of “Buy” and an average target price of $169.30.
PVH stock opened at $121.41 on Friday. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.06 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.72 and a quick ratio of 0.78. PVH Corp has a 1 year low of $116.52 and a 1 year high of $169.22.
PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.29 billion. PVH had a net margin of 7.28% and a return on equity of 13.07%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 EPS. As a group, research analysts expect that PVH Corp will post 9.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.12%. PVH’s dividend payout ratio (DPR) is 1.89%.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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