Wasatch Advisors LP lifted its holdings in PVH Corp. (NYSE:PVH – Free Report) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,692 shares of the textile maker’s stock after purchasing an additional 8,640 shares during the period. Wasatch Advisors LP’s holdings in PVH were worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of PVH. Neuberger Berman Group LLC grew its holdings in PVH by 4.7% in the fourth quarter. Neuberger Berman Group LLC now owns 3,467 shares of the textile maker’s stock valued at $232,000 after purchasing an additional 155 shares during the period. Central Pacific Bank Trust Division raised its stake in shares of PVH by 9.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker’s stock worth $130,000 after buying an additional 170 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of PVH by 15.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the textile maker’s stock worth $94,000 after buying an additional 180 shares during the period. Osaic Holdings Inc. lifted its position in shares of PVH by 12.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock valued at $114,000 after buying an additional 184 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in PVH by 1.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,552 shares of the textile maker’s stock valued at $1,444,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.
PVH Stock Performance
PVH opened at $74.48 on Friday. The firm has a market capitalization of $3.43 billion, a PE ratio of 23.57, a PEG ratio of 0.99 and a beta of 1.71. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.75. The firm’s 50-day moving average price is $85.91 and its 200 day moving average price is $74.91. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46.
PVH Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, June 3rd. PVH’s dividend payout ratio (DPR) is currently 4.75%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Wall Street Zen lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research lowered PVH from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings upgraded PVH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Finally, Needham & Company LLC dropped their price target on PVH from $107.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PVH currently has an average rating of “Hold” and an average price target of $84.71.
Check Out Our Latest Report on PVH
PVH Profile
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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