PVH Corp. (NYSE:PVH) Holdings Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,121 shares of the textile maker’s stock after buying an additional 328 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PVH were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of PVH by 24.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,941 shares of the textile maker’s stock valued at $1,158,000 after purchasing an additional 2,144 shares during the period. Virtu Financial LLC acquired a new position in PVH in the 2nd quarter valued at approximately $1,316,000. Renaissance Technologies LLC acquired a new position in PVH in the 2nd quarter valued at approximately $6,995,000. Dimensional Fund Advisors LP lifted its position in PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after buying an additional 55,293 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after buying an additional 296,040 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of NYSE:PVH opened at $96.05 on Wednesday. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.74 and a beta of 2.12. The business has a 50 day moving average price of $98.11 and a 200 day moving average price of $109.50. 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 twelve month low of $69.27 and a twelve month high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating 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 company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business earned $1.98 earnings per share. PVH’s revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts predict that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued 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 dividend yield of 0.16%. PVH’s payout ratio is 1.33%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PVH shares. The Goldman Sachs Group cut their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Bank of America dropped their price objective on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Evercore ISI lifted their target price on shares of PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, TD Cowen dropped their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.40.

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.