Tocqueville Asset Management L.P. boosted its holdings in PVH Corp (NYSE:PVH) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,290 shares of the textile maker’s stock after acquiring an additional 6,050 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.06% of PVH worth $6,684,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in PVH. Aperio Group LLC raised its position in PVH by 1.8% in the second quarter. Aperio Group LLC now owns 44,714 shares of the textile maker’s stock worth $6,695,000 after acquiring an additional 773 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in PVH by 14.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,742 shares of the textile maker’s stock worth $560,000 after acquiring an additional 486 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of PVH in the second quarter valued at $212,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of PVH by 10.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 256,912 shares of the textile maker’s stock valued at $38,465,000 after buying an additional 24,548 shares in the last quarter. Finally, Smith Asset Management Group LP increased its position in shares of PVH by 5.9% in the second quarter. Smith Asset Management Group LP now owns 219,120 shares of the textile maker’s stock valued at $32,806,000 after buying an additional 12,154 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.
PVH opened at $102.44 on Friday. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. The firm has a market cap of $8.18 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.90 and a beta of 0.88. PVH Corp has a 52 week low of $101.67 and a 52 week high of $169.22.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend is Tuesday, November 27th. PVH’s payout ratio is currently 1.89%.
A number of research analysts have recently weighed in on the company. Goldman Sachs Group upgraded PVH from a “sell” rating to a “neutral” rating and dropped their price target for the company from $142.00 to $130.00 in a research report on Friday, November 9th. Nomura dropped their price target on PVH from $128.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, December 3rd. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Credit Suisse Group dropped their price target on PVH from $185.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, November 19th. Finally, Piper Jaffray Companies set a $150.00 price target on PVH and gave the company a “buy” rating in a research report on Friday, November 30th. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PVH has a consensus rating of “Buy” and a consensus target price of $154.10.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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