Icon Advisers Inc. Co. bought a new position in PVH Corp (NYSE:PVH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,400 shares of the textile maker’s stock, valued at approximately $347,000.
A number of other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its stake in PVH by 9.1% during the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after purchasing an additional 575,989 shares during the period. Millennium Management LLC boosted its stake in shares of PVH by 118.4% in the second quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock valued at $140,189,000 after buying an additional 507,641 shares during the period. Northern Trust Corp boosted its stake in shares of PVH by 3.2% in the second quarter. Northern Trust Corp now owns 926,690 shares of the textile maker’s stock valued at $138,744,000 after buying an additional 28,979 shares during the period. Janus Henderson Group PLC boosted its stake in shares of PVH by 67.4% in the second quarter. Janus Henderson Group PLC now owns 905,694 shares of the textile maker’s stock valued at $135,601,000 after buying an additional 364,759 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in shares of PVH by 2.3% in the second quarter. Congress Asset Management Co. MA now owns 693,195 shares of the textile maker’s stock valued at $103,785,000 after buying an additional 15,778 shares during the period. 95.35% of the stock is currently owned by institutional investors.
Shares of NYSE:PVH traded up $3.74 during trading on Monday, hitting $114.25. 2,551,739 shares of the company were exchanged, compared to its average volume of 1,015,717. The company has a market capitalization of $8.48 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 0.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.85 and a current ratio of 1.74. PVH Corp has a 1-year low of $106.63 and a 1-year high of $169.22.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH’s dividend payout ratio (DPR) is presently 1.89%.
Several equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating on shares of PVH in a research note on Thursday, August 30th. Piper Jaffray Companies set a $177.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Deutsche Bank boosted their price objective on shares of PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, Bank of America set a $180.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. PVH currently has an average rating of “Buy” and a consensus target price of $154.10.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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