173,974 Shares in PVH Corp. (NYSE:PVH) Purchased by Swedbank AB

Swedbank AB bought a new stake in shares of PVH Corp. (NYSE:PVH) during the third quarter, Holdings Channel reports. The fund bought 173,974 shares of the textile maker’s stock, valued at approximately $17,542,000.

Several other large investors have also modified their holdings of PVH. Scientech Research LLC raised its holdings in PVH by 608.6% in the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after purchasing an additional 9,743 shares in the last quarter. American Century Companies Inc. lifted its position in PVH by 37.4% during the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after acquiring an additional 21,790 shares during the last quarter. Castleark Management LLC acquired a new stake in PVH in the first quarter valued at approximately $3,348,000. Renaissance Technologies LLC purchased a new position in PVH in the second quarter worth $6,995,000. Finally, Sei Investments Co. increased its position in shares of PVH by 30.1% during the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after purchasing an additional 37,012 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PVH. Morgan Stanley reduced their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, September 6th. Guggenheim decreased their price objective on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. Telsey Advisory Group dropped their target price on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. TD Cowen decreased their price target on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Price Performance

PVH stock opened at $107.60 on Wednesday. The company has a fifty day simple moving average of $98.70 and a 200-day simple moving average of $103.30. 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 firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.94 and a beta of 2.11. PVH Corp. has a 52-week low of $86.40 and a 52-week high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the firm earned $1.98 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.19%.

About PVH

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.