XTX Topco Ltd Purchases 3,394 Shares of PVH Corp. (NYSE:PVH)

XTX Topco Ltd boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 36.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,692 shares of the textile maker’s stock after buying an additional 3,394 shares during the period. XTX Topco Ltd’s holdings in PVH were worth $1,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new stake in shares of PVH during the 1st quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in PVH in the 1st quarter worth approximately $36,000. Riverview Trust Co bought a new position in shares of PVH in the 1st quarter worth $36,000. Daiwa Securities Group Inc. purchased a new stake in shares of PVH during the 1st quarter valued at $42,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of PVH during the 1st quarter worth $52,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PVH has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. Telsey Advisory Group decreased their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Evercore ISI boosted their target price on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Wedbush reiterated an “outperform” rating and set a $128.00 price target on shares of PVH in a research report on Wednesday, June 5th. Finally, Wells Fargo & Company lowered their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.40.

PVH Price Performance

PVH stock opened at $97.13 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The firm has a 50 day moving average price of $98.66 and a 200-day moving average price of $110.70. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.74 and a beta of 2.12.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts forecast that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s dividend payout ratio is presently 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.