Great West Life Assurance Co. Can raised its holdings in shares of PVH Corp (NYSE:PVH) by 9.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 63,199 shares of the textile maker’s stock after acquiring an additional 5,594 shares during the quarter. Great West Life Assurance Co. Can’s holdings in PVH were worth $9,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PVH. Wells Fargo & Company MN raised its stake in shares of PVH by 12.1% during the first quarter. Wells Fargo & Company MN now owns 153,570 shares of the textile maker’s stock valued at $23,253,000 after purchasing an additional 16,524 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of PVH by 2.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 232,364 shares of the textile maker’s stock valued at $35,187,000 after purchasing an additional 5,250 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of PVH by 124.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 24,791 shares of the textile maker’s stock valued at $3,671,000 after purchasing an additional 13,767 shares during the period. Mackay Shields LLC purchased a new stake in shares of PVH during the first quarter valued at approximately $1,973,000. Finally, Victory Capital Management Inc. raised its stake in shares of PVH by 18.4% during the first quarter. Victory Capital Management Inc. now owns 40,331 shares of the textile maker’s stock valued at $6,107,000 after purchasing an additional 6,281 shares during the period. Institutional investors own 96.81% of the company’s stock.

Shares of NYSE:PVH opened at $132.55 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.72 and a quick ratio of 0.88. The firm has a market capitalization of $10.51 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.16 and a beta of 0.72. PVH Corp has a 12-month low of $120.91 and a 12-month high of $169.22.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. PVH had a net margin of 7.28% and a return on equity of 13.07%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 earnings per share. equities research analysts predict that PVH Corp will post 9.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Wednesday, August 29th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, August 28th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is presently 1.89%.

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of PVH from $179.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, June 15th. Telsey Advisory Group lifted their price objective on shares of PVH from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Buckingham Research lifted their price objective on shares of PVH from $187.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, June 1st. Piper Jaffray Companies set a $174.00 price objective on shares of PVH and gave the company a “buy” rating in a research note on Thursday, May 31st. Finally, Deutsche Bank set a $176.00 price objective on shares of PVH and gave the company a “buy” rating in a research note on Friday, May 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. PVH presently has a consensus rating of “Buy” and an average price target of $171.60.

About PVH

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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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