Bank of Montreal Can Has $8.91 Million Stake in PVH Corp. (NYSE:PVH)

Bank of Montreal Can raised its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 775.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,678 shares of the textile maker's stock after acquiring an additional 78,548 shares during the quarter. Bank of Montreal Can owned approximately 0.16% of PVH worth $8,906,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PVH. Altshuler Shaham Ltd purchased a new position in shares of PVH during the 2nd quarter valued at $25,000. Venturi Wealth Management LLC lifted 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 worth $27,000 after acquiring an additional 106 shares during the last quarter. ORG Partners LLC bought a new stake in PVH during the 2nd quarter valued at approximately $42,000. Covestor Ltd grew its stake in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after acquiring an additional 295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Price Performance

Shares of PVH traded up $0.45 during mid-day trading on Tuesday, hitting $111.62. 985,005 shares of the company traded hands, compared to its average volume of 833,742. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.00 and a beta of 2.10. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $99.83 and a 200 day moving average of $103.05.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH's payout ratio is presently 1.19%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. 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 report on Thursday, August 29th. Wells Fargo & Company lowered their price target on shares of PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, August 28th. Guggenheim decreased their target price on shares of PVH from $120.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Morgan Stanley cut 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 note on Friday, September 6th. Finally, Barclays lowered their price objective on PVH from $154.00 to $142.00 and set an "overweight" 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PVH 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.