TD Asset Management Inc. cut its stake in shares of PVH Corp (NYSE:PVH) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,565 shares of the textile maker’s stock after selling 1,792 shares during the quarter. TD Asset Management Inc.’s holdings in PVH were worth $604,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in shares of PVH in the second quarter worth $26,000. Carmichael Hill & Associates Inc. purchased a new stake in shares of PVH during the second quarter worth $38,000. Citizens Financial Group Inc RI raised its holdings in PVH by 26.5% during the second quarter. Citizens Financial Group Inc RI now owns 1,012 shares of the textile maker’s stock valued at $48,000 after buying an additional 212 shares in the last quarter. Signaturefd LLC raised its holdings in PVH by 56.8% during the second quarter. Signaturefd LLC now owns 1,063 shares of the textile maker’s stock valued at $51,000 after buying an additional 385 shares in the last quarter. Finally, Rampart Investment Management Company LLC raised its holdings in PVH by 145.1% during the second quarter. Rampart Investment Management Company LLC now owns 1,615 shares of the textile maker’s stock valued at $78,000 after buying an additional 956 shares in the last quarter. 97.62% of the stock is owned by institutional investors and hedge funds.
Shares of PVH opened at $70.93 on Wednesday. PVH Corp has a 12 month low of $28.40 and a 12 month high of $108.06. The firm’s 50 day moving average is $55.80 and its 200-day moving average is $49.84. The stock has a market capitalization of $5.04 billion, a PE ratio of -5.00 and a beta of 2.16. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76.
PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.43) by $2.56. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.29 billion. PVH had a negative net margin of 12.40% and a positive return on equity of 3.07%. The firm’s revenue for the quarter was down 33.1% on a year-over-year basis. During the same quarter last year, the business posted $2.10 EPS. Equities research analysts predict that PVH Corp will post -3.12 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on PVH shares. DA Davidson lifted their target price on PVH from $60.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Zacks Investment Research raised PVH from a “sell” rating to a “hold” rating and set a $53.00 price objective on the stock in a report on Friday, August 21st. Citigroup boosted their target price on PVH from $35.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Wells Fargo & Company reissued a “hold” rating on shares of PVH in a report on Friday, June 12th. Finally, Deutsche Bank boosted their price objective on shares of PVH from $42.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, September 4th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. PVH currently has an average rating of “Buy” and a consensus price target of $71.12.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
Further Reading: Growth Stocks
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp (NYSE:PVH).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.