MML Investors Services LLC Boosts Stake in PVH Corp. (NYSE:PVH)

MML Investors Services LLC lifted its position in PVH Corp. (NYSE:PVH) by 46.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,422 shares of the textile maker’s stock after acquiring an additional 1,089 shares during the period. MML Investors Services LLC’s holdings in PVH were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PVH. Venturi Wealth Management LLC boosted its holdings in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Signaturefd LLC increased its holdings in shares of PVH by 6.7% during the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 107 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of PVH by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after acquiring an additional 108 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in shares of PVH during the 2nd quarter valued at about $25,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Up 1.1 %

Shares of PVH stock opened at $108.62 on Wednesday. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The company has a market cap of $6.04 billion, a P/E ratio of 8.85, a PEG ratio of 1.10 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a fifty day moving average of $103.48 and a two-hundred day moving average of $102.13.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm earned $2.90 EPS. The business’s revenue was down 4.6% on a year-over-year basis. On average, analysts forecast that PVH Corp. will post 11.68 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.0375 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio is presently 1.22%.

Analyst Upgrades and Downgrades

PVH has been the topic of several research analyst reports. Barclays raised their price objective on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Morgan Stanley cut their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Finally, Wells Fargo & Company lowered their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.00.

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.