Royal Bank of Canada reduced its holdings in shares of PVH Corp. (NYSE:PVH – Free Report) by 52.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,506 shares of the textile maker’s stock after selling 17,096 shares during the period. Royal Bank of Canada’s holdings in PVH were worth $1,082,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Danske Bank A S bought a new stake in shares of PVH during the 3rd quarter valued at about $25,000. Global Retirement Partners LLC lifted its stake in PVH by 513.9% in the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after buying an additional 370 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of PVH during the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. bought a new position in shares of PVH during the 4th quarter worth approximately $48,000. Finally, Himension Capital Singapore PTE. LTD. acquired a new stake in shares of PVH during the 1st quarter worth approximately $51,000. 97.25% of the stock is owned by institutional investors.
PVH Trading Up 3.2%
NYSE PVH opened at $78.56 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. PVH Corp. has a 52 week low of $59.60 and a 52 week high of $100.75. The business has a 50 day moving average price of $79.83 and a 200-day moving average price of $78.52. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.12 and a beta of 1.74.
PVH Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. PVH’s dividend payout ratio (DPR) is 4.75%.
Wall Street Analyst Weigh In
PVH has been the topic of a number of research reports. Needham & Company LLC dropped their target price on shares of PVH from $107.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of PVH in a report on Friday, June 5th. Wall Street Zen downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Bank of America reiterated an “underperform” rating and set a $70.00 price objective (down from $90.00) on shares of PVH in a report on Thursday, June 25th. Finally, Citigroup reissued a “buy” rating on shares of PVH in a research report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, PVH presently has a consensus rating of “Hold” and a consensus target price of $86.62.
View Our Latest Research Report on PVH
PVH 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.
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