First Allied Advisory Services Inc. cut its holdings in PVH Corp (NYSE:PVH) by 39.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,694 shares of the textile maker’s stock after selling 1,081 shares during the quarter. First Allied Advisory Services Inc.’s holdings in PVH were worth $234,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in PVH. Ameriprise Financial Inc. grew its stake in shares of PVH by 31.0% in the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after acquiring an additional 952,394 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in PVH by 3,135.9% during the third quarter. Wedge Capital Management L L P NC now owns 251,754 shares of the textile maker’s stock worth $31,736,000 after buying an additional 243,974 shares in the last quarter. Columbus Circle Investors acquired a new stake in PVH during the third quarter worth about $30,247,000. Dana Investment Advisors Inc. grew its stake in PVH by 549.5% during the third quarter. Dana Investment Advisors Inc. now owns 280,931 shares of the textile maker’s stock worth $35,414,000 after buying an additional 237,679 shares in the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new stake in PVH during the third quarter worth about $18,909,000. Institutional investors and hedge funds own 98.12% of the company’s stock.
PVH has been the topic of a number of analyst reports. Cowen set a $150.00 price objective on shares of PVH and gave the stock a “buy” rating in a research note on Monday, November 27th. Wells Fargo & Co increased their price objective on shares of PVH from $158.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies increased their price objective on shares of PVH to $173.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Telsey Advisory Group increased their price objective on shares of PVH from $145.00 to $158.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a research note on Thursday, January 11th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $149.79.
PVH Corp (NYSE:PVH) opened at $147.72 on Wednesday. The company has a market cap of $11,360.00, a PE ratio of 21.98, a PEG ratio of 1.29 and a beta of 0.67. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. PVH Corp has a fifty-two week low of $88.89 and a fifty-two week high of $157.96.
PVH (NYSE:PVH) last posted its earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.60 earnings per share. equities research analysts forecast that PVH Corp will post 7.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. PVH’s dividend payout ratio (DPR) is currently 2.23%.
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PVH Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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