Redwood Investment Management LLC acquired a new position in shares of PVH Corp. (NYSE:PVH – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,668 shares of the textile maker’s stock, valued at approximately $1,164,000.
Other institutional investors have also recently made changes to their positions in the company. Danske Bank A S acquired a new stake in PVH during the third quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in PVH in the second quarter valued at $26,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of PVH in the fourth quarter worth about $36,000. Allworth Financial LP purchased a new stake in shares of PVH during the 2nd quarter worth about $41,000. Finally, Quarry LP purchased a new stake in shares of PVH during the 3rd quarter worth about $58,000. 97.25% of the stock is owned by hedge funds and other institutional investors.
PVH Price Performance
Shares of NYSE PVH opened at $78.39 on Thursday. The firm has a 50-day simple moving average of $79.61 and a 200-day simple moving average of $78.90. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.74. PVH Corp. has a 52 week low of $59.60 and a 52 week high of $100.75.
PVH Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 2nd. PVH’s payout ratio is currently 4.75%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on PVH shares. The Goldman Sachs Group dropped their target price on PVH from $93.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Bank of America reaffirmed an “underperform” rating and issued a $70.00 price target (down from $90.00) on shares of PVH in a report on Thursday, June 25th. Weiss Ratings downgraded PVH from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered PVH from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Citigroup restated a “buy” rating on shares of PVH in a research report on Friday, June 5th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.42.
View Our Latest Stock Analysis on PVH
About PVH
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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