Vanguard Personalized Indexing Management LLC raised its position in shares of PVH Corp. (NYSE:PVH – Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,360 shares of the textile maker’s stock after buying an additional 760 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PVH were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of PVH. Pzena Investment Management LLC increased its holdings in shares of PVH by 15.1% during the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after buying an additional 807,301 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of PVH by 76.6% during the first quarter. American Century Companies Inc. now owns 803,400 shares of the textile maker’s stock worth $51,932,000 after buying an additional 348,592 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of PVH during the first quarter worth approximately $20,075,000. Goldman Sachs Group Inc. increased its holdings in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after buying an additional 245,740 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of PVH by 33.6% during the first quarter. Swedbank AB now owns 588,586 shares of the textile maker’s stock worth $38,046,000 after buying an additional 148,103 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.
PVH Price Performance
Shares of PVH stock opened at $81.92 on Monday. The firm’s 50 day moving average price is $82.35 and its two-hundred day moving average price is $76.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The stock has a market cap of $3.94 billion, a PE ratio of 9.18, a PEG ratio of 2.57 and a beta of 1.89.
PVH Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 3rd. PVH’s payout ratio is currently 1.68%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on PVH shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 price objective on shares of PVH in a report on Wednesday, August 27th. TD Cowen reissued a “hold” rating and issued a $74.00 price target (down previously from $98.00) on shares of PVH in a report on Wednesday, July 9th. BTIG Research assumed coverage on shares of PVH in a report on Tuesday, October 14th. They issued a “buy” rating and a $100.00 price target for the company. Bank of America raised their price target on shares of PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.56.
Check Out Our Latest Research Report on PVH
PVH Company Profile
PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.
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