PVH Corp. (NYSE:PVH) Position Lessened by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in PVH Corp. (NYSE:PVH – Free Report) by 1.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,703 shares of the textile maker’s stock after selling 168 shares during the period. Bessemer Group Inc.’s holdings in PVH were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Fund Management S.A. bought a new position in PVH during the fourth quarter valued at about $1,082,000. Leisure Capital Management increased its stake in PVH by 5.5% during the first quarter. Leisure Capital Management now owns 8,582 shares of the textile maker’s stock valued at $765,000 after acquiring an additional 445 shares during the period. Arizona State Retirement System increased its stake in PVH by 3.0% during the fourth quarter. Arizona State Retirement System now owns 18,894 shares of the textile maker’s stock valued at $1,334,000 after acquiring an additional 545 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in PVH by 10.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,340 shares of the textile maker’s stock valued at $2,071,000 after acquiring an additional 2,791 shares during the period. Finally, Heritage Wealth Management LLC increased its stake in PVH by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 400 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

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PVH Stock Performance

Shares of NYSE:PVH opened at $80.59 on Tuesday. The company’s 50 day simple moving average is $85.26 and its 200 day simple moving average is $83.52. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 0.60 and a beta of 2.07. PVH Corp. has a 1 year low of $43.49 and a 1 year high of $94.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.40 and a quick ratio of 0.68.

PVH (NYSE:PVH – Get Free Report) last announced its quarterly earnings data on Thursday, June 1st. The textile maker reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.21. PVH had a net margin of 2.24% and a return on equity of 11.83%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. As a group, research analysts predict that PVH Corp. will post 10.02 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s dividend payout ratio is currently 4.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PVH shares. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. BMO Capital Markets raised their price objective on PVH from $81.00 to $90.00 in a research note on Thursday, June 1st. Finally, TheStreet downgraded PVH from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.06.

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PVH 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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