Commerzbank Aktiengesellschaft FI Increases Position in PVH Corp. (PVH)
Commerzbank Aktiengesellschaft FI increased its holdings in shares of PVH Corp. (NYSE:PVH) by 22.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,871 shares of the textile maker’s stock after purchasing an additional 2,562 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in PVH were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in PVH by 31.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock worth $507,666,000 after buying an additional 952,394 shares in the last quarter. Prudential Financial Inc. lifted its holdings in PVH by 154.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after buying an additional 679,144 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in PVH by 136.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after buying an additional 677,096 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in PVH by 153.8% in the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after buying an additional 461,600 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in PVH by 548.0% in the 2nd quarter. Royal Bank of Canada now owns 297,303 shares of the textile maker’s stock worth $34,043,000 after buying an additional 251,424 shares in the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on PVH. Credit Suisse Group set a $136.00 price objective on shares of PVH and gave the stock a “buy” rating in a report on Friday, August 18th. B. Riley reiterated a “buy” rating on shares of PVH in a report on Wednesday, November 1st. Piper Jaffray Companies set a $148.00 price objective on shares of PVH and gave the stock an “overweight” rating in a report on Wednesday, August 23rd. Cowen set a $140.00 price objective on shares of PVH and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, BidaskClub lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $143.94.
Shares of PVH Corp. (NYSE PVH) traded down $0.68 during trading on Wednesday, hitting $133.60. 1,512,900 shares of the stock were exchanged, compared to its average volume of 1,019,022. The firm has a market cap of $10,396.55, a price-to-earnings ratio of 17.69, a PEG ratio of 1.32 and a beta of 0.61. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $139.51.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.11. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.60 EPS. equities analysts expect that PVH Corp. will post 7.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be paid a $0.038 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is presently 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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