Zurcher Kantonalbank Zurich Cantonalbank Purchases 9,861 Shares of PVH Corp. (NYSE:PVH)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in PVH Corp. (NYSE:PVH) by 79.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,246 shares of the textile maker’s stock after purchasing an additional 9,861 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PVH were worth $2,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in PVH during the 1st quarter worth approximately $26,000. Global Retirement Partners LLC lifted its position in shares of PVH by 93.5% in the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Riverview Trust Co acquired a new position in PVH during the first quarter worth $36,000. Headlands Technologies LLC bought a new position in PVH in the first quarter valued at $36,000. Finally, GAMMA Investing LLC acquired a new stake in PVH in the 4th quarter valued at $38,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE:PVH opened at $98.69 on Friday. The stock has a 50 day simple moving average of $101.84 and a 200 day simple moving average of $114.24. The stock has a market cap of $5.51 billion, a P/E ratio of 8.73, a PEG ratio of 0.77 and a beta of 2.14. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm earned $1.98 earnings per share. The company’s revenue was down 6.0% on a year-over-year basis. Research analysts anticipate that PVH Corp. will post 11.23 earnings per share for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s dividend payout ratio is presently 1.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PVH shares. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley boosted their price target on PVH from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Bank of America lowered their price objective on shares of PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, TD Cowen cut their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, PVH has an average rating of “Moderate Buy” and an average price target of $131.73.

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.