Leonteq Securities AG Takes $660,000 Position in PVH Corp. $PVH

Leonteq Securities AG purchased a new stake in shares of PVH Corp. (NYSE:PVHFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,855 shares of the textile maker’s stock, valued at approximately $660,000.

Several other institutional investors have also made changes to their positions in PVH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of PVH by 26.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock valued at $1,612,000 after buying an additional 5,240 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of PVH by 79.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after acquiring an additional 245,740 shares in the last quarter. Caxton Associates LLP bought a new position in shares of PVH in the 1st quarter valued at approximately $226,000. United Services Automobile Association bought a new position in shares of PVH in the 1st quarter valued at approximately $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of PVH by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock valued at $22,873,000 after acquiring an additional 30,077 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Up 2.5%

Shares of PVH stock opened at $88.90 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52. The stock’s 50 day simple moving average is $80.98 and its 200 day simple moving average is $74.14. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 233.95, a PEG ratio of 0.96 and a beta of 1.73. PVH Corp. has a twelve month low of $59.60 and a twelve month high of $100.15.

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

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders 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 payout ratio is currently 39.47%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PVH. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Telsey Advisory Group reissued a “market perform” rating and issued a $74.00 price objective on shares of PVH in a research note on Wednesday, April 1st. The Goldman Sachs Group raised their price objective on PVH from $83.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Needham & Company LLC raised their price objective on PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Finally, UBS Group cut their price objective on PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.93.

Get Our Latest Stock Report on PVH

About PVH

(Free Report)

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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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