XTX Topco Ltd Acquires 3,394 Shares of PVH Corp. (NYSE:PVH)

XTX Topco Ltd raised its stake in shares of PVH Corp. (NYSE:PVH) by 36.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,692 shares of the textile maker’s stock after acquiring an additional 3,394 shares during the period. XTX Topco Ltd’s holdings in PVH were worth $1,344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its position in PVH by 134.0% during the second quarter. Hsbc Holdings PLC now owns 15,257 shares of the textile maker’s stock valued at $1,607,000 after purchasing an additional 8,737 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in PVH by 4.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,121 shares of the textile maker’s stock valued at $860,000 after buying an additional 328 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of PVH by 24.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,941 shares of the textile maker’s stock valued at $1,158,000 after buying an additional 2,144 shares during the period. Virtu Financial LLC purchased a new position in shares of PVH in the 2nd quarter worth $1,316,000. Finally, Renaissance Technologies LLC bought a new stake in shares of PVH in the second quarter worth $6,995,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Down 0.4 %

Shares of NYSE:PVH opened at $97.13 on Friday. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.74 and a beta of 2.12. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $98.66 and a 200 day moving average price of $110.70.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $1.98 EPS. As a group, equities research analysts predict that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is 1.33%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PVH. Barclays dropped their target price on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Evercore ISI boosted their target price on shares of PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Bank of America reduced their target price on shares of PVH from $133.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 29th. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group reduced their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.40.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.