Kiltearn Partners LLP purchased a new stake in shares of PVH Corp. (NYSE:PVH – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,402 shares of the textile maker’s stock, valued at approximately $3,669,000. PVH comprises about 0.9% of Kiltearn Partners LLP’s portfolio, making the stock its 26th biggest holding. Kiltearn Partners LLP owned about 0.11% of PVH as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Danske Bank A S bought a new position in PVH in the third quarter valued at about $25,000. Global Retirement Partners LLC purchased a new stake in PVH during the second quarter valued at approximately $26,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of PVH during the 4th quarter worth $36,000. Allworth Financial LP purchased a new position in shares of PVH during the 2nd quarter worth $41,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of PVH during the 4th quarter valued at $48,000. 97.25% of the stock is currently owned by institutional investors.
PVH Stock Performance
Shares of NYSE PVH opened at $78.56 on Friday. The stock has a market cap of $3.62 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.16 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 firm has a fifty day moving average price of $79.83 and a 200-day moving average price of $78.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 0.93.
PVH Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH’s dividend payout ratio is 4.75%.
Wall Street Analysts Forecast Growth
PVH has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of PVH in a research note on Friday, June 5th. Bank of America reiterated an “underperform” rating and set a $70.00 target price (down from $90.00) on shares of PVH in a research report on Thursday, June 25th. Wells Fargo & Company cut their price target on PVH from $85.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Needham & Company LLC reduced their price target on PVH from $107.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, Weiss Ratings downgraded PVH from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $86.62.
Read Our Latest Research Report 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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