PVH Corp. (NYSE:PVH) Shares Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,486 shares of the textile maker’s stock after buying an additional 1,233 shares during the period. Point72 Hong Kong Ltd’s holdings in PVH were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of PVH during the second quarter valued at about $25,000. Venturi Wealth Management LLC increased its stake in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Covestor Ltd increased its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares in the last quarter. ORG Partners LLC purchased a new position in shares of PVH in the second quarter worth $42,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

NYSE:PVH opened at $108.37 on Monday. The stock has a market capitalization of $6.05 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.97 and a beta of 2.11. PVH Corp. has a 52 week low of $89.10 and a 52 week high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $99.55 and its 200-day moving average price is $103.18.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio is currently 1.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. The Goldman Sachs Group reduced their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Guggenheim dropped their target price on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company reduced their price target on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Finally, Morgan Stanley dropped their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.