Great West Life Assurance Co. Can decreased its holdings in PVH Corp (NYSE:PVH) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,687 shares of the textile maker’s stock after selling 6,512 shares during the period. Great West Life Assurance Co. Can owned 0.07% of PVH worth $8,193,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in PVH by 4.1% during the second quarter. CIBC Asset Management Inc now owns 8,451 shares of the textile maker’s stock valued at $1,265,000 after buying an additional 333 shares during the last quarter. IFP Advisors Inc boosted its stake in PVH by 9.0% during the second quarter. IFP Advisors Inc now owns 4,760 shares of the textile maker’s stock valued at $713,000 after buying an additional 395 shares during the last quarter. Penserra Capital Management LLC boosted its stake in PVH by 16.5% during the third quarter. Penserra Capital Management LLC now owns 2,944 shares of the textile maker’s stock valued at $425,000 after buying an additional 416 shares during the last quarter. Lido Advisors LLC boosted its stake in PVH by 26.8% during the second quarter. Lido Advisors LLC now owns 2,062 shares of the textile maker’s stock valued at $308,000 after buying an additional 436 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd boosted its stake in PVH by 4.2% during the second quarter. Redpoint Investment Management Pty Ltd now owns 10,945 shares of the textile maker’s stock valued at $1,639,000 after buying an additional 439 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.
Shares of PVH stock opened at $102.44 on Friday. PVH Corp has a 1 year low of $101.67 and a 1 year high of $169.22. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.90 and a beta of 0.88.
PVH (NYSE:PVH) last issued its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the business posted $3.02 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that PVH Corp will post 9.35 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 dividend of $0.0375 per share. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. PVH’s dividend payout ratio (DPR) is presently 1.89%.
PVH has been the subject of a number of research reports. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Friday, August 17th. Deutsche Bank increased their price target on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Piper Jaffray Companies set a $177.00 price target on PVH and gave the company a “buy” rating in a research note on Thursday, August 30th. Telsey Advisory Group reissued an “outperform” rating on shares of PVH in a research note on Thursday, August 30th. Finally, 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. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $154.10.
PVH Company Profile
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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