SVB Wealth LLC Makes New Investment in PVH Corp. (NYSE:PVH)

SVB Wealth LLC bought a new position in shares of PVH Corp. (NYSE:PVH) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,484 shares of the textile maker’s stock, valued at approximately $209,000.

Several other institutional investors also recently made changes to their positions in PVH. Global Retirement Partners LLC boosted its position in shares of PVH by 93.5% in the 1st quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of PVH in the 1st quarter worth about $36,000. Riverview Trust Co purchased a new stake in shares of PVH in the 1st quarter worth about $36,000. Allspring Global Investments Holdings LLC boosted its position in shares of PVH by 2,600.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after buying an additional 260 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of PVH in the 1st quarter worth about $42,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on PVH shares. Citigroup cut their target price on shares of PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $140.00 target price on shares of PVH in a research note on Thursday, June 6th. Wedbush reissued an “outperform” rating and issued a $128.00 target price on shares of PVH in a research note on Wednesday, June 5th. Jefferies Financial Group started coverage on shares of PVH in a research note on Tuesday, April 30th. They issued a “hold” rating and a $115.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.50.

PVH Stock Up 1.0 %

NYSE PVH opened at $101.18 on Wednesday. The stock has a market cap of $5.65 billion, a PE ratio of 8.95, a P/E/G ratio of 0.78 and a beta of 2.14. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The business has a 50 day moving average price of $109.93 and a two-hundred day moving average price of $117.95. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 0.42.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.31. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. PVH’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 EPS. As a group, sell-side analysts predict that PVH Corp. will post 11.23 EPS for the current fiscal year.

PVH 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.