Creative Planning Purchases 296 Shares of PVH Corp. (NYSE:PVH)

Creative Planning increased its position in PVH Corp. (NYSE:PVH) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,165 shares of the textile maker’s stock after acquiring an additional 296 shares during the period. Creative Planning’s holdings in PVH were worth $653,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in PVH in the first quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of PVH in the 2nd quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in shares of PVH in the first quarter worth approximately $36,000. Riverview Trust Co bought a new stake in PVH during the first quarter valued at approximately $36,000. Finally, Daiwa Securities Group Inc. purchased a new stake in PVH during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. Morgan Stanley cut their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group reduced their target price on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.87.

PVH Stock Up 1.3 %

Shares of PVH stock opened at $97.14 on Monday. PVH Corp. has a 52 week low of $70.13 and a 52 week high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $97.33 and its two-hundred day simple moving average is $106.15. The stock has a market cap of $5.42 billion, a P/E ratio of 7.71, a PEG ratio of 0.88 and a beta of 2.11.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the firm earned $1.98 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts predict that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Wednesday, September 4th. PVH’s payout ratio is 1.19%.

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.