Public Employees Retirement System of Ohio acquired a new position in shares of PVH Corp. (NYSE:PVH – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,922 shares of the textile maker’s stock, valued at approximately $960,000.
Several other large investors have also bought and sold shares of PVH. Pzena Investment Management LLC acquired a new stake in shares of PVH in the 2nd quarter valued at approximately $444,571,000. BlackRock Inc. acquired a new position in PVH during the 2nd quarter worth approximately $332,758,000. Dimensional Fund Advisors LP lifted its stake in PVH by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,055,544 shares of the textile maker’s stock valued at $204,786,000 after purchasing an additional 54,635 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in PVH by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,262,489 shares of the textile maker’s stock valued at $173,216,000 after purchasing an additional 44,346 shares during the last quarter. Finally, LSV Asset Management boosted its position in PVH by 8.4% in the fourth quarter. LSV Asset Management now owns 2,127,646 shares of the textile maker’s stock valued at $142,595,000 after buying an additional 164,343 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.
PVH Price Performance
Shares of NYSE:PVH opened at $71.07 on Wednesday. The firm has a market cap of $3.28 billion, a PE ratio of -19.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.72. The firm’s fifty day moving average is $79.42 and its 200-day moving average is $79.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 1.65. PVH Corp. has a 52 week low of $59.60 and a 52 week high of $100.75.
PVH Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio is presently -4.05%.
Analyst Upgrades and Downgrades
PVH has been the subject of several research analyst reports. Evercore set a $79.00 price target on shares of PVH and gave the stock an “in-line” rating in a report on Thursday, June 4th. Zacks Research upgraded PVH from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. Needham & Company LLC lowered their target price on PVH from $102.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Wall Street Zen downgraded PVH from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Bank of America reissued an “underperform” rating and set a $70.00 price target (down from $90.00) on shares of PVH in a research note on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, PVH has a consensus rating of “Hold” and a consensus target price of $86.55.
Check Out Our Latest Stock Analysis on PVH
PVH Company Profile
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.
Read More
- Five stocks we like better than PVH
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH – Free Report).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.
