Northwestern Mutual Wealth Management Co. bought a new stake in PVH Corp. (NYSE:PVH – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 9,545 shares of the textile maker’s stock, valued at approximately $709,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Danske Bank A S acquired a new position in PVH during the third quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new stake in shares of PVH during the 2nd quarter worth approximately $26,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of PVH during the 4th quarter worth approximately $36,000. Allworth Financial LP acquired a new stake in shares of PVH in the 2nd quarter valued at approximately $41,000. Finally, Quarry LP bought a new position in shares of PVH in the third quarter valued at $58,000. Institutional investors own 97.25% of the company’s stock.
PVH Stock Performance
NYSE:PVH opened at $78.39 on Thursday. The stock has a 50 day simple moving average of $79.61 and a 200 day simple moving average of $78.90. The stock has a market cap of $3.61 billion, a P/E ratio of 24.81, a PEG ratio of 1.10 and a beta of 1.74. PVH Corp. has a 1-year low of $59.60 and a 1-year high of $100.75. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46.
PVH Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio is 4.75%.
Wall Street Analyst Weigh In
Several analysts have issued reports on PVH shares. Citigroup reaffirmed a “buy” rating on shares of PVH in a research report on Friday, June 5th. Evercore set a $79.00 price objective on shares of PVH and gave the company an “in-line” rating in a research report on Thursday, June 4th. Wells Fargo & Company lowered their price objective on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. UBS Group cut their target price on shares of PVH from $130.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $84.00 price target (up from $70.00) on shares of PVH in a report on Tuesday, August 4th. Six 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.42.
Read Our Latest Stock Analysis on PVH
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.
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