PVH Corp. (NYSE:PVH) Stock Holdings Increased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in PVH Corp. (NYSE:PVH) by 11,921.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,251 shares of the textile maker’s stock after buying an additional 6,199 shares during the quarter. International Assets Investment Management LLC’s holdings in PVH were worth $630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blair William & Co. IL boosted its stake in PVH by 2.9% in the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock valued at $466,000 after acquiring an additional 92 shares during the period. Signaturefd LLC boosted its stake in PVH by 6.7% in the second quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after acquiring an additional 107 shares during the period. Commonwealth Equity Services LLC boosted its stake in PVH by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 108 shares during the period. New Covenant Trust Company N.A. acquired a new position in PVH in the first quarter valued at approximately $26,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PVH. Morgan Stanley decreased their target price 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. Wells Fargo & Company reduced their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Guggenheim reduced their price objective on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Price Performance

Shares of NYSE:PVH opened at $100.00 on Wednesday. PVH Corp. has a 12 month low of $74.81 and a 12 month high of $141.15. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 0.89 and a beta of 2.11. The stock’s 50 day moving average price is $96.99 and its 200 day moving average price is $104.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

PVH (NYSE:PVH) last announced 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. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.98 earnings per share. Equities research analysts anticipate that PVH Corp. will post 11.65 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s dividend payout ratio is currently 1.19%.

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.