Comerica Bank lifted its holdings in shares of PVH Corp. (NYSE:PVH – Get Rating) by 229.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,882 shares of the textile maker’s stock after buying an additional 21,501 shares during the quarter. Comerica Bank’s holdings in PVH were worth $1,515,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in PVH. SeaCrest Wealth Management LLC acquired a new stake in shares of PVH during the second quarter worth about $38,000. Wipfli Financial Advisors LLC acquired a new stake in PVH in the third quarter valued at about $38,000. Covestor Ltd lifted its position in PVH by 69.3% in the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 244 shares during the period. CWM LLC lifted its position in PVH by 161.7% in the third quarter. CWM LLC now owns 1,455 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 899 shares during the period. Finally, Captrust Financial Advisors lifted its position in PVH by 38.3% in the first quarter. Captrust Financial Advisors now owns 1,535 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 425 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on PVH. Cowen raised their price objective on shares of PVH from $58.00 to $75.00 in a research report on Tuesday, December 6th. Citigroup raised their price objective on shares of PVH from $60.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, December 5th. Barclays raised shares of PVH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $72.00 to $106.00 in a report on Friday. Credit Suisse Group increased their target price on shares of PVH from $85.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PVH from $72.00 to $77.00 in a report on Monday, December 5th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, PVH has a consensus rating of “Hold” and an average target price of $84.67.
Insiders Place Their Bets
PVH Trading Up 3.8 %
Shares of PVH opened at $86.47 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.35 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $71.64 and a 200-day simple moving average of $61.86. PVH Corp. has a 1-year low of $43.49 and a 1-year high of $105.43. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.02 and a beta of 2.01.
PVH (NYSE:PVH – Get Rating) last released its earnings results on Wednesday, November 30th. The textile maker reported $2.60 EPS for the quarter, topping the consensus estimate of $2.13 by $0.47. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.23 billion. PVH had a net margin of 5.05% and a return on equity of 12.49%. Equities analysts forecast that PVH Corp. will post 8.26 EPS for the current fiscal year.
PVH Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 30th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $0.15 annualized dividend and a yield of 0.17%. PVH’s payout ratio is currently 2.38%.
PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.
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