DekaBank Deutsche Girozentrale Raises Stock Position in PVH Corp. (NYSE:PVH)

DekaBank Deutsche Girozentrale boosted its stake in PVH Corp. (NYSE:PVH) by 82.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,281 shares of the textile maker’s stock after purchasing an additional 3,287 shares during the period. DekaBank Deutsche Girozentrale’s holdings in PVH were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blair William & Co. IL grew its holdings in shares of PVH by 2.9% in the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock worth $466,000 after acquiring an additional 92 shares during the period. State of Michigan Retirement System grew its stake in shares of PVH by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock valued at $2,053,000 after purchasing an additional 100 shares during the period. Signaturefd LLC increased its position 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 during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of PVH by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after purchasing an additional 108 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of PVH by 15.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock worth $99,000 after buying an additional 110 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PVH shares. The Goldman Sachs Group reduced their target price 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. BMO Capital Markets lowered their target price 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. Telsey Advisory Group cut their price target on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Barclays decreased their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.40.

PVH Stock Up 1.3 %

Shares of PVH stock opened at $97.55 on Friday. The stock has a market cap of $5.44 billion, a P/E ratio of 8.63, a PEG ratio of 0.72 and a beta of 2.12. The company’s fifty day simple moving average is $98.88 and its two-hundred day simple moving average is $110.79. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15.

PVH (NYSE:PVH) last released its quarterly 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. 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 prior year, the firm earned $1.98 earnings per share. PVH’s revenue was down 6.0% on a year-over-year basis. Analysts predict that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Announces Dividend

The business 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 dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH’s payout ratio is currently 1.33%.

About PVH

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.