Landscape Capital Management L.L.C. acquired a new stake in PVH Corp. (NYSE:PVH – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 6,885 shares of the textile maker’s stock, valued at approximately $511,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC acquired a new position in PVH during the 2nd quarter worth about $444,571,000. BlackRock Inc. acquired a new stake in shares of PVH in the second quarter valued at about $332,758,000. Bank of New York Mellon Corp acquired a new stake in shares of PVH in the second quarter valued at about $25,665,000. Goldman Sachs Group Inc. raised its position in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after acquiring an additional 245,740 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of PVH by 87.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 406,536 shares of the textile maker’s stock worth $27,246,000 after acquiring an additional 189,666 shares during the last quarter. 97.25% of the stock is owned by institutional investors.
PVH Trading Up 0.1%
NYSE:PVH opened at $78.56 on Monday. PVH Corp. has a one year low of $59.60 and a one year high of $100.75. The company has a market cap of $3.62 billion, a PE ratio of 24.86, a PEG ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 0.93. The firm has a 50-day moving average of $79.83 and a 200-day moving average of $78.63.
PVH Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio is 4.75%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of PVH from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. UBS Group dropped their target price on shares of PVH from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Evercore set a $79.00 price target on shares of PVH and gave the company an “in-line” rating in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group decreased their price target on PVH from $93.00 to $87.00 and set a “buy” rating for the company in a report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.62.
View Our Latest Research Report on PVH
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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