AMP Capital Investors Ltd boosted its holdings in PVH Corp (NYSE:PVH) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,539 shares of the textile maker’s stock after purchasing an additional 8,046 shares during the period. AMP Capital Investors Ltd owned about 0.07% of PVH worth $7,570,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC grew its position in shares of PVH by 9.1% in the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after acquiring an additional 575,989 shares during the period. JPMorgan Chase & Co. grew its position in shares of PVH by 54.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after acquiring an additional 2,356,377 shares during the period. Janus Henderson Group PLC grew its position in shares of PVH by 21.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,097,865 shares of the textile maker’s stock valued at $158,532,000 after acquiring an additional 192,171 shares during the period. Dimensional Fund Advisors LP grew its position in shares of PVH by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,025,561 shares of the textile maker’s stock valued at $148,087,000 after acquiring an additional 6,969 shares during the period. Finally, Millennium Management LLC grew its position in shares of PVH by 118.4% in the 2nd quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock valued at $140,189,000 after acquiring an additional 507,641 shares during the period. 95.35% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on PVH. Buckingham Research decreased their price objective on shares of PVH from $176.00 to $157.00 and set a “buy” rating for the company in a research report on Monday, December 3rd. Barclays decreased their price objective on shares of PVH from $178.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, December 3rd. Nomura decreased their price objective on shares of PVH from $128.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, December 3rd. DA Davidson lifted their price objective on shares of PVH to $134.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Finally, Wells Fargo & Co set a $140.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Sunday, December 2nd. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $154.10.
Shares of PVH stock opened at $102.44 on Friday. The stock has a market cap of $8.23 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.90 and a beta of 0.88. The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. PVH Corp has a 52 week low of $101.67 and a 52 week high of $169.22.
PVH (NYSE:PVH) last announced its earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, topping the consensus estimate of $3.14 by $0.07. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. PVH’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.02 EPS. On average, research analysts forecast that PVH Corp will post 9.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Tuesday, November 27th. PVH’s payout ratio is 1.89%.
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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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