American International Group Inc. lifted its position in shares of PVH Corp (NYSE:PVH) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,810 shares of the textile maker’s stock after purchasing an additional 1,661 shares during the period. American International Group Inc.’s holdings in PVH were worth $4,882,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of PVH by 4.1% in the second quarter. CIBC Asset Management Inc now owns 8,451 shares of the textile maker’s stock worth $1,265,000 after acquiring an additional 333 shares during the period. IFP Advisors Inc lifted its stake in shares of PVH by 9.0% in the second quarter. IFP Advisors Inc now owns 4,760 shares of the textile maker’s stock worth $713,000 after acquiring an additional 395 shares during the period. Penserra Capital Management LLC lifted its stake in shares of PVH by 16.5% in the third quarter. Penserra Capital Management LLC now owns 2,944 shares of the textile maker’s stock worth $425,000 after acquiring an additional 416 shares during the period. Lido Advisors LLC lifted its stake in shares of PVH by 26.8% in the second quarter. Lido Advisors LLC now owns 2,062 shares of the textile maker’s stock worth $308,000 after acquiring an additional 436 shares during the period. Finally, Redpoint Investment Management Pty Ltd lifted its stake in shares of PVH by 4.2% in the second quarter. Redpoint Investment Management Pty Ltd now owns 10,945 shares of the textile maker’s stock worth $1,639,000 after acquiring an additional 439 shares during the period. Institutional investors own 95.35% of the company’s stock.
Shares of NYSE:PVH opened at $102.44 on Friday. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. PVH Corp has a twelve month low of $101.67 and a twelve month high of $169.22. The company has a market cap of $8.23 billion, a PE ratio of 12.90, a PEG ratio of 0.90 and a beta of 0.88.
PVH (NYSE:PVH) last issued its earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.07. PVH had a return on equity of 13.00% and a net margin of 7.20%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the firm earned $3.02 earnings per share. PVH’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts predict that PVH Corp will post 9.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend is Tuesday, November 27th. PVH’s payout ratio is 1.89%.
Several equities analysts have issued reports on PVH shares. Bank of America set a $180.00 price target on PVH and gave the company a “buy” rating in a research note on Thursday, August 30th. Barclays set a $178.00 price target on PVH and gave the company a “buy” rating in a research note on Thursday, October 18th. ValuEngine lowered PVH from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research note on Friday, August 17th. Finally, Buckingham Research dropped their price target on PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $154.10.
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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