Virtu Financial LLC Takes $1.32 Million Position in PVH Corp. (NYSE:PVH)

Virtu Financial LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,434 shares of the textile maker’s stock, valued at approximately $1,316,000.

A number of other large investors also recently bought and sold shares of PVH. New Covenant Trust Company N.A. purchased a new position in shares of PVH in the 1st quarter valued at $26,000. Headlands Technologies LLC purchased a new position in PVH in the first quarter valued at about $36,000. Riverview Trust Co bought a new position in PVH in the first quarter worth about $36,000. Daiwa Securities Group Inc. purchased a new stake in shares of PVH during the first quarter valued at about $42,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of PVH during the first quarter valued at about $52,000. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

PVH has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. BMO Capital Markets reduced their price target on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Wedbush reiterated an “outperform” rating and set a $128.00 price objective on shares of PVH in a report on Wednesday, June 5th. Wells Fargo & Company dropped their target price on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Finally, Evercore ISI increased their price target on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.40.

PVH Stock Performance

Shares of NYSE PVH opened at $96.25 on Thursday. The company has a 50 day simple moving average of $99.09 and a two-hundred day simple moving average of $110.89. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 0.72 and a beta of 2.12. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.98 earnings per share. As a group, analysts predict that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Dividend Announcement

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

PVH 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.