China Universal Asset Management Co. Ltd. Acquires 2,055 Shares of PVH Corp. (NYSE:PVH)

China Universal Asset Management Co. Ltd. raised its stake in shares of PVH Corp. (NYSE:PVH) by 217.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,998 shares of the textile maker’s stock after buying an additional 2,055 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in PVH were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PVH. Scientech Research LLC raised its stake in shares of PVH by 608.6% in the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after acquiring an additional 9,743 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in PVH by 321.8% during the first quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock valued at $5,624,000 after purchasing an additional 30,513 shares during the last quarter. Capstone Investment Advisors LLC raised its position in shares of PVH by 115.5% in the first quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock valued at $3,148,000 after purchasing an additional 11,999 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of PVH in the first quarter worth $961,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of PVH by 215.3% during the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock worth $3,290,000 after buying an additional 15,976 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Price Performance

PVH stock opened at $98.93 on Thursday. The business has a 50 day simple moving average of $97.27 and a 200 day simple moving average of $104.49. PVH Corp. has a one year low of $71.32 and a one year high of $141.15. The company has a market capitalization of $5.52 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 0.85 and a beta of 2.11. 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 (NYSE:PVH) last issued its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company earned $1.98 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that PVH Corp. will post 11.65 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s payout ratio is currently 1.19%.

Wall Street Analyst Weigh In

Several research analysts recently commented on PVH shares. Morgan Stanley dropped their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. Telsey Advisory Group decreased 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. Wells Fargo & Company lowered their target price on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. 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. Finally, BMO Capital Markets lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.53.

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.