MML Investors Services LLC Buys 1,089 Shares of PVH Corp. (NYSE:PVH)

MML Investors Services LLC raised its stake in PVH Corp. (NYSE:PVH) by 46.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,422 shares of the textile maker’s stock after buying an additional 1,089 shares during the period. MML Investors Services LLC’s holdings in PVH were worth $345,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Raymond James & Associates grew its holdings in PVH by 4.0% during the 2nd quarter. Raymond James & Associates now owns 15,444 shares of the textile maker’s stock worth $1,635,000 after acquiring an additional 591 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of PVH by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 692,490 shares of the textile maker’s stock valued at $73,314,000 after purchasing an additional 111,307 shares during the last quarter. Bailard Inc. purchased a new stake in PVH in the second quarter worth $402,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in PVH by 79.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,246 shares of the textile maker’s stock worth $2,355,000 after buying an additional 9,861 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of PVH by 0.4% in the second quarter. Principal Financial Group Inc. now owns 744,225 shares of the textile maker’s stock worth $78,791,000 after buying an additional 3,074 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Trading Up 1.1 %

NYSE:PVH opened at $108.62 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a 50-day simple moving average of $103.48 and a 200-day simple moving average of $102.13. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The firm has a market cap of $6.04 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.10 and a beta of 2.10.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.90 EPS. Equities analysts anticipate that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s payout ratio is 1.22%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PVH. Barclays upped their target price on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Guggenheim upped their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Morgan Stanley reduced their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, September 6th. The Goldman Sachs Group lowered their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.00.

PVH Company 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.