Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,947 Shares of PVH Corp. (NYSE:PVH)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PVH Corp. (NYSE:PVH) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,193 shares of the textile maker’s stock after acquiring an additional 1,947 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PVH were worth $2,439,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC boosted its position 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 acquiring an additional 106 shares in the last quarter. Signaturefd LLC boosted its position in PVH by 6.7% during the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after acquiring an additional 107 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in PVH by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 228 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in PVH during the 2nd quarter valued at approximately $25,000. 97.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PVH shares. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 target price on shares of PVH in a report on Wednesday, November 27th. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group lowered their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Morgan Stanley lowered their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Finally, Wells Fargo & Company lowered their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $126.53.

PVH Price Performance

Shares of NYSE PVH opened at $111.62 on Wednesday. The firm has a market cap of $6.23 billion, a P/E ratio of 8.86, a PEG ratio of 1.00 and a beta of 2.10. 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 company has a 50 day moving average of $99.83 and a 200 day moving average of $103.05. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.0375 per share. 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 0.13%. PVH’s dividend payout ratio is presently 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.