Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of PVH Corp. (NYSE:PVH – Free Report) by 16.4% during the 1st quarter, Holdings Channel reports. The fund owned 325,018 shares of the textile maker’s stock after buying an additional 45,790 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in PVH were worth $22,673,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its holdings in shares of PVH by 4.7% in the 4th quarter. Neuberger Berman Group LLC now owns 3,467 shares of the textile maker’s stock valued at $232,000 after purchasing an additional 155 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of PVH by 9.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker’s stock worth $130,000 after purchasing an additional 170 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of PVH by 15.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the textile maker’s stock valued at $94,000 after purchasing an additional 180 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of PVH by 12.4% during the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 184 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in PVH by 1.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,552 shares of the textile maker’s stock valued at $1,444,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.
PVH Stock Up 0.1%
Shares of PVH stock opened at $74.48 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.43 billion, a P/E ratio of 23.57, a PEG ratio of 1.10 and a beta of 1.72. The firm’s 50 day moving average price is $85.91 and its 200-day moving average price is $74.91. PVH Corp. has a 52-week low of $59.60 and a 52-week high of $100.75.
PVH Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, June 3rd. PVH’s dividend payout ratio is currently 4.75%.
Analysts Set New Price Targets
A number of equities analysts recently commented on PVH shares. JPMorgan Chase & Co. reduced their price objective on shares of PVH from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Weiss Ratings upgraded PVH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Evercore set a $79.00 price target on PVH and gave the stock an “in-line” rating in a research report on Thursday, June 4th. Wells Fargo & Company decreased their price objective on PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Finally, Wall Street Zen cut PVH from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PVH currently has an average rating of “Hold” and a consensus price target of $84.71.
About PVH
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.
Further Reading
- Five stocks we like better than PVH
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
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.
