Commonwealth Equity Services LLC Has $264,000 Stock Position in PVH Corp. (NYSE:PVH)

Commonwealth Equity Services LLC lifted its position in shares of PVH Corp. (NYSE:PVH) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,495 shares of the textile maker’s stock after purchasing an additional 108 shares during the quarter. Commonwealth Equity Services LLC’s holdings in PVH were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in PVH during the first quarter worth $26,000. Riverview Trust Co acquired a new stake in shares of PVH during the 1st quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in shares of PVH during the 1st quarter valued at about $36,000. Daiwa Securities Group Inc. bought a new stake in PVH in the first quarter valued at about $42,000. Finally, ORG Partners LLC acquired a new position in PVH in the second quarter worth about $42,000. 97.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PVH has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $128.00 price objective on shares of PVH in a research note on Wednesday, June 5th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company cut their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Evercore ISI upped their target price on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Finally, The Goldman Sachs Group cut their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.40.

PVH Stock Down 0.9 %

NYSE PVH opened at $96.05 on Wednesday. The stock has a market capitalization of $5.37 billion, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 0.74 and a beta of 2.12. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The stock has a fifty day moving average of $98.11 and a 200-day moving average of $109.50.

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

PVH Dividend Announcement

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

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.