Russell Investments Group Ltd. Acquires 11,953 Shares of PVH Corp. $PVH

Russell Investments Group Ltd. increased its holdings in PVH Corp. (NYSE:PVH) by 3.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 336,984 shares of the textile maker’s stock after purchasing an additional 11,953 shares during the quarter. Russell Investments Group Ltd.’s holdings in PVH were worth $28,245,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in PVH by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker’s stock worth $3,263,000 after buying an additional 180 shares during the period. Osaic Holdings Inc. raised its position in shares of PVH by 12.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after acquiring an additional 184 shares in the last quarter. Visionary Horizons LLC raised its position in shares of PVH by 2.1% in the 3rd quarter. Visionary Horizons LLC now owns 10,885 shares of the textile maker’s stock worth $912,000 after acquiring an additional 222 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of PVH by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,316 shares of the textile maker’s stock worth $639,000 after acquiring an additional 268 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of PVH by 2.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 15,599 shares of the textile maker’s stock worth $1,307,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PVH. Wall Street Zen downgraded PVH from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of PVH in a research report on Friday, December 5th. JPMorgan Chase & Co. raised their price target on shares of PVH from $82.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of PVH in a research note on Thursday, January 22nd. Finally, Guggenheim started coverage on shares of PVH in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.73.

PVH Stock Performance

Shares of NYSE PVH opened at $61.14 on Friday. The company has a 50 day simple moving average of $65.86 and a two-hundred day simple moving average of $75.01. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.03 and a beta of 1.67. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $89.79.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s payout ratio is currently 2.25%.

PVH Company 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.