Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of PVH Corp. (NYSE:PVH) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 23,897 shares of the company’s stock after buying an additional 1,514 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in PVH Corp. were worth $2,641,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Sei Investments Co. raised its position in shares of PVH Corp. by 18.1% in the second quarter. Sei Investments Co. now owns 1,169 shares of the company’s stock valued at $110,000 after buying an additional 179 shares during the period. Acrospire Investment Management LLC raised its position in shares of PVH Corp. by 30.0% in the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $122,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. raised its position in shares of PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock valued at $152,000 after buying an additional 122 shares during the period. Daiwa Securities Group Inc. raised its position in shares of PVH Corp. by 11.1% in the second quarter. Daiwa Securities Group Inc. now owns 2,000 shares of the company’s stock valued at $188,000 after buying an additional 200 shares during the period. Finally, Parametrica Management Ltd acquired a new position in shares of PVH Corp. during the third quarter valued at about $214,000. 95.68% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

PVH Corp. (NYSE:PVH) traded down 4.06% on Friday, hitting $89.35. The stock had a trading volume of 1,407,231 shares. PVH Corp. has a 52 week low of $64.16 and a 52 week high of $115.40. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 12.50 and a beta of 0.71. The firm has a 50-day moving average of $97.82 and a 200 day moving average of $103.22.

PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 30th. The company reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.40 by $0.20. PVH Corp. had a return on equity of 12.15% and a net margin of 7.10%. The company earned $2.24 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the company posted $2.66 earnings per share. PVH Corp.’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that PVH Corp. will post $6.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Wednesday, November 23rd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Monday, November 21st. PVH Corp.’s payout ratio is currently 2.10%.

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Several brokerages have issued reports on PVH. Guggenheim initiated coverage on PVH Corp. in a research note on Friday, September 30th. They issued a “buy” rating and a $125.00 price target on the stock. Zacks Investment Research lowered PVH Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 2nd. Brean Capital reaffirmed a “buy” rating and set a $120.00 target price (down from $124.00) on shares of PVH Corp. in a research report on Thursday, January 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $124.00 target price on shares of PVH Corp. in a research report on Monday, November 28th. Finally, Wunderlich reaffirmed a “buy” rating and set a $125.00 target price on shares of PVH Corp. in a research report on Saturday, January 7th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $115.43.

PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.

5 Day Chart for NYSE:PVH

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