Edgestream Partners L.P. acquired a new stake in PVH Corp. (NYSE:PVH – Free Report) in the first quarter, Holdings Channel.com reports. The firm acquired 46,350 shares of the textile maker’s stock, valued at approximately $3,233,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S purchased a new stake in shares of PVH during the third quarter worth $25,000. Global Retirement Partners LLC raised its stake in shares of PVH by 513.9% during the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 370 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of PVH during the 4th quarter valued at $36,000. Meeder Asset Management Inc. purchased a new stake in PVH during the 4th quarter worth about $48,000. Finally, Himension Capital Singapore PTE. LTD. purchased a new position in PVH during the 1st quarter valued at about $51,000. Institutional investors own 97.25% of the company’s stock.
PVH Stock Performance
NYSE:PVH opened at $86.78 on Friday. The business’s 50-day moving average price is $81.16 and its two-hundred day moving average price is $76.45. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.75. The stock has a market cap of $4.00 billion, a P/E ratio of 27.46, a PEG ratio of 1.28 and a beta of 1.75. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of PVH in a research report on Friday, June 5th. The Goldman Sachs Group cut their price objective on shares of PVH from $93.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, June 5th. JPMorgan Chase & Co. reduced their price objective on shares of PVH from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Zacks Research lowered shares of PVH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings cut shares of PVH from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.54.
About PVH
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.
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