Point72 Asia Singapore Pte. Ltd. Purchases 9,405 Shares of PVH Corp. (NYSE:PVH)

Point72 Asia Singapore Pte. Ltd. raised its position in shares of PVH Corp. (NYSE:PVH) by 1,399.6% in the second quarter, Holdings Channel reports. The fund owned 10,077 shares of the textile maker’s stock after buying an additional 9,405 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in PVH were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in PVH. Altshuler Shaham Ltd acquired a new position in shares of PVH during the 2nd quarter worth about $25,000. New Covenant Trust Company N.A. bought a new stake in shares of PVH in the first quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in shares of PVH in the first quarter valued at approximately $36,000. Headlands Technologies LLC bought a new position in PVH during the first quarter worth $36,000. Finally, Daiwa Securities Group Inc. acquired a new position in PVH during the 1st quarter valued at $42,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Down 0.9 %

PVH stock opened at $96.05 on Wednesday. The business has a fifty day moving average price of $98.11 and a 200 day moving average price of $109.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of 0.75 and a beta of 2.12.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The company 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 firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.98 earnings per share. Analysts expect that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s dividend payout ratio is currently 1.33%.

Analysts Set New Price Targets

Several research firms have issued reports on PVH. Evercore ISI raised their price target on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Barclays lowered their price target on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group cut their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, Telsey Advisory Group cut their target price on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.