2,491 Shares in PVH Corp. (NYSE:PVH) Bought by Robeco Institutional Asset Management B.V.

Posted by on Oct 16th, 2023

Robeco Institutional Asset Management B.V. acquired a new position in shares of PVH Corp. (NYSE:PVH – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,491 shares of the textile maker’s stock, valued at approximately $212,000.

A number of other institutional investors also recently made changes to their positions in PVH. Raymond James & Associates raised its holdings in shares of PVH by 20.3% in the first quarter. Raymond James & Associates now owns 19,681 shares of the textile maker’s stock worth $1,508,000 after acquiring an additional 3,326 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of PVH by 17.8% in the first quarter. HighTower Advisors LLC now owns 6,146 shares of the textile maker’s stock worth $472,000 after acquiring an additional 930 shares during the last quarter. Citigroup Inc. increased its stake in PVH by 29.2% in the first quarter. Citigroup Inc. now owns 35,739 shares of the textile maker’s stock valued at $2,738,000 after purchasing an additional 8,081 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in PVH by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker’s stock valued at $877,000 after purchasing an additional 226 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in PVH by 21.3% in the first quarter. MetLife Investment Management LLC now owns 19,033 shares of the textile maker’s stock valued at $1,458,000 after purchasing an additional 3,336 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Price Performance

Shares of NYSE PVH opened at $70.19 on Monday. PVH Corp. has a 1-year low of $46.76 and a 1-year high of $94.51. The business has a 50-day moving average of $78.62 and a 200-day moving average of $82.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.09 and a quick ratio of 0.52. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 0.54 and a beta of 2.07.

PVH (NYSE:PVH – Get Free Report) last issued its earnings results on Wednesday, August 30th. The textile maker reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.23. PVH had a return on equity of 11.63% and a net margin of 1.99%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that PVH Corp. will post 10.33 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Tuesday, September 5th. PVH’s dividend payout ratio (DPR) is 5.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PVH shares. Morgan Stanley upped their target price on PVH from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. Piper Sandler upped their target price on PVH from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $102.00 target price on shares of PVH in a research note on Thursday, August 31st. Barclays boosted their price target on PVH from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 31st. Finally, TheStreet downgraded PVH from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.83.

View Our Latest Report on PVH

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.

Read More

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH – Free Report).

Institutional Ownership by Quarter for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.