Metropolitan Life Insurance Co. NY cut its holdings in PVH Corp (NYSE:PVH) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,647 shares of the textile makerâ€™s stock after selling 331 shares during the period. Metropolitan Life Insurance Co. NYâ€™s holdings in PVH were worth $1,744,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Third Point LLC acquired a new position in shares of PVH during the 2nd quarter valued at about $93,575,000. FMR LLC increased its stake in shares of PVH by 9.1% during the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile makerâ€™s stock valued at $1,029,292,000 after acquiring an additional 575,989 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of PVH by 67.4% during the 2nd quarter. Janus Henderson Group PLC now owns 905,694 shares of the textile makerâ€™s stock valued at $135,601,000 after acquiring an additional 364,759 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of PVH by 740.0% during the 2nd quarter. Victory Capital Management Inc. now owns 338,798 shares of the textile makerâ€™s stock valued at $50,725,000 after acquiring an additional 298,467 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of PVH by 147.7% during the 2nd quarter. Wells Fargo & Company MN now owns 380,409 shares of the textile makerâ€™s stock valued at $56,954,000 after acquiring an additional 226,839 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the companyâ€™s stock.
A number of research firms have recently commented on PVH. DA Davidson began coverage on shares of PVH in a research note on Tuesday, September 25th. They set a â€śbuyâ€ť rating and a $167.00 price objective for the company. Bank of America set a $180.00 price objective on shares of PVH and gave the company a â€śbuyâ€ť rating in a research note on Thursday, August 30th. Telsey Advisory Group reissued an â€śoutperformâ€ť rating on shares of PVH in a research report on Thursday, August 30th. Piper Jaffray Companies set a $177.00 target price on shares of PVH and gave the stock a â€śbuyâ€ť rating in a research report on Thursday, August 30th. Finally, Deutsche Bank increased their target price on shares of PVH from $171.00 to $173.00 and gave the stock a â€śbuyâ€ť rating in a research report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. PVH presently has a consensus rating of â€śBuyâ€ť and a consensus price target of $172.85.NYSE PVH opened at $134.15 on Friday. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.23 and a beta of 0.77. PVH Corp has a fifty-two week low of $120.91 and a fifty-two week high of $169.22. 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 (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share for the quarter, topping the Zacksâ€™ consensus estimate of $2.09 by $0.09. The firm had revenue of $2.33 billion during the quarter, compared to analystsâ€™ expectations of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. PVHâ€™s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 EPS. As a group, sell-side analysts forecast that PVH Corp will post 9.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Wednesday, August 29th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Tuesday, August 28th. PVHâ€™s dividend payout ratio is presently 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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