Jupiter Asset Management Ltd. Has $27.25 Million Stock Holdings in PVH Corp. $PVH

Jupiter Asset Management Ltd. raised its stake in shares of PVH Corp. (NYSE:PVH) by 87.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,536 shares of the textile maker’s stock after purchasing an additional 189,666 shares during the period. Jupiter Asset Management Ltd.’s holdings in PVH were worth $27,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Danske Bank A S bought a new stake in PVH during the 3rd quarter valued at approximately $25,000. Saranac Partners Ltd bought a new position in PVH in the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC lifted its holdings in shares of PVH by 513.9% during the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after buying an additional 370 shares during the last quarter. Quarry LP acquired a new position in shares of PVH during the third quarter worth approximately $58,000. Finally, Larson Financial Group LLC lifted its holdings in shares of PVH by 70,300.0% during the third quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after buying an additional 703 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PVH shares. UBS Group raised their price objective on shares of PVH from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC raised their price objective on shares of PVH from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Zacks Research upgraded shares of PVH from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Weiss Ratings upgraded shares of PVH from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $89.60.

PVH Trading Down 3.5%

Shares of PVH stock opened at $93.40 on Friday. The company’s fifty day simple moving average is $84.18 and its 200-day simple moving average is $74.75. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 245.79, a PEG ratio of 1.07 and a beta of 1.73. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. PVH Corp. has a 1 year low of $59.60 and a 1 year high of $100.15.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.52. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. PVH’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $3.27 earnings per share. As a group, sell-side analysts expect that PVH Corp. will post 12.01 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. PVH’s dividend payout ratio (DPR) is 39.47%.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.