Advisors Asset Management Inc. bought a new position in shares of PVH Corp. (NYSE:PVH – Get Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,955 shares of the textile maker’s stock, valued at approximately $225,000.
Several other hedge funds have also added to or reduced their stakes in the business. Walleye Capital LLC lifted its position in shares of PVH by 100.9% in the 2nd quarter. Walleye Capital LLC now owns 8,782 shares of the textile maker’s stock worth $500,000 after purchasing an additional 4,411 shares during the period. Kentucky Retirement Systems lifted its position in shares of PVH by 12.4% in the 2nd quarter. Kentucky Retirement Systems now owns 5,011 shares of the textile maker’s stock worth $285,000 after purchasing an additional 551 shares during the period. State of Michigan Retirement System lifted its position in shares of PVH by 2.8% in the 2nd quarter. State of Michigan Retirement System now owns 18,154 shares of the textile maker’s stock worth $1,033,000 after purchasing an additional 500 shares during the period. ING Groep NV lifted its position in shares of PVH by 14.4% in the 2nd quarter. ING Groep NV now owns 12,706 shares of the textile maker’s stock worth $723,000 after purchasing an additional 1,604 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in shares of PVH by 782.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 35,602 shares of the textile maker’s stock worth $2,026,000 after purchasing an additional 31,566 shares during the period. 95.82% of the stock is currently owned by institutional investors and hedge funds.
PVH Stock Performance
NYSE PVH opened at $60.35 on Monday. PVH Corp. has a 1 year low of $43.49 and a 1 year high of $120.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.35 and a quick ratio of 0.71. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 4.61, a PEG ratio of 0.80 and a beta of 2.03. The company has a fifty day moving average price of $51.89 and a 200-day moving average price of $59.25.
PVH Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, November 30th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Tuesday, November 29th. PVH’s dividend payout ratio (DPR) is currently 1.15%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Barclays dropped their price target on shares of PVH from $87.00 to $60.00 in a research report on Friday, September 2nd. Guggenheim lowered their price objective on shares of PVH from $130.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PVH from $99.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, September 2nd. Cowen lowered their price objective on shares of PVH to $70.00 in a research note on Tuesday, September 6th. Finally, Wedbush lowered their price objective on shares of PVH to $65.00 in a research note on Tuesday, September 6th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.53.
PVH Company Profile
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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