PVH Corp. (NYSE:PVH) Shares Purchased by Nisa Investment Advisors LLC

Posted by on Jul 28th, 2023

Nisa Investment Advisors LLC raised its stake in PVH Corp. (NYSE:PVH – Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,370 shares of the textile maker’s stock after buying an additional 640 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of PVH worth $3,154,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Belpointe Asset Management LLC acquired a new stake in PVH during the 4th quarter valued at $25,000. Janiczek Wealth Management LLC raised its position in shares of PVH by 218.6% during the fourth quarter. Janiczek Wealth Management LLC now owns 325 shares of the textile maker’s stock valued at $27,000 after buying an additional 223 shares during the last quarter. Heritage Wealth Management LLC raised its position in PVH by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 400 shares of the textile maker’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd raised its position in PVH by 69.3% in the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after purchasing an additional 244 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in PVH by 119.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,080 shares of the textile maker’s stock worth $76,000 after purchasing an additional 588 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $84.65 on Friday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 0.63 and a beta of 2.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 1.40. The company has a 50-day simple moving average of $84.92 and a 200 day simple moving average of $83.71. PVH Corp. has a 52 week low of $43.49 and a 52 week high of $94.51.

PVH (NYSE:PVH – Get Free Report) last announced its earnings results on Thursday, June 1st. The textile maker reported $2.14 EPS for the quarter, topping the consensus estimate of $1.93 by $0.21. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. PVH had a net margin of 2.24% and a return on equity of 11.83%. During the same quarter in the previous year, the firm posted $1.94 EPS. On average, sell-side analysts predict that PVH Corp. will post 10.03 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 7th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Tuesday, June 6th. PVH’s dividend payout ratio is currently 4.75%.

Analyst Ratings Changes

Several research firms have recently weighed in on PVH. TD Cowen raised their price objective on shares of PVH from $86.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, April 3rd. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. JPMorgan Chase & Co. lifted their price target on shares of PVH from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. BMO Capital Markets lifted their price target on shares of PVH from $81.00 to $90.00 in a research report on Thursday, June 1st. Finally, UBS Group raised their price objective on shares of PVH from $92.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, April 4th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.06.

PVH Company Profile

(Free Report)

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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