Caisse DE Depot ET Placement DU Quebec Reduces Position in PVH Corp (PVH)
Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of PVH Corp (NYSE:PVH) by 17.0% during the second quarter, HoldingsChannel.com reports. The fund owned 17,113 shares of the textile maker’s stock after selling 3,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in PVH were worth $2,562,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in PVH by 12.1% during the 1st 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 in the last quarter. Mackay Shields LLC bought a new stake in PVH during the 1st quarter valued at $1,973,000. Victory Capital Management Inc. increased its stake in PVH by 18.4% during the 1st 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 in the last quarter. Great Lakes Advisors LLC increased its stake in PVH by 25.1% during the 1st quarter. Great Lakes Advisors LLC now owns 2,585 shares of the textile maker’s stock valued at $391,000 after purchasing an additional 519 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in PVH by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 299,830 shares of the textile maker’s stock valued at $45,404,000 after purchasing an additional 10,926 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.
NYSE PVH opened at $139.68 on Friday. PVH Corp has a 1 year low of $120.91 and a 1 year 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. The firm has a market capitalization of $10.61 billion, a PE ratio of 17.59, a PEG ratio of 1.17 and a beta of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Wednesday, August 29th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, August 28th. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. PVH’s payout ratio is 1.89%.
A number of analysts have commented on PVH shares. Zacks Investment Research lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. Deutsche Bank set a $176.00 price target on shares of PVH and gave the company a “buy” rating in a research note on Friday, May 25th. UBS Group started coverage on shares of PVH in a research note on Thursday, June 21st. They set a “neutral” rating and a $180.00 price target for the company. Telsey Advisory Group boosted their price target 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. Finally, Citigroup boosted their price target 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $173.16.
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.
Further Reading: Tariff
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp (NYSE:PVH).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.