Erste Asset Management GmbH Buys Shares of 19,882 PVH Corp. (NYSE:PVH)

Erste Asset Management GmbH purchased a new position in shares of PVH Corp. (NYSE:PVH - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,882 shares of the textile maker's stock, valued at approximately $1,997,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PVH. Altshuler Shaham Ltd acquired a new stake in shares of PVH in the second quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its holdings in shares of PVH by 63.9% in the third 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 during the period. Covestor Ltd increased its holdings in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after purchasing an additional 295 shares during the period. ORG Partners LLC acquired a new position in shares of PVH in the second quarter valued at approximately $42,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock valued at $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 Trading Up 1.1 %

Shares of PVH stock traded up $1.19 during trading hours on Wednesday, hitting $112.78. The company's stock had a trading volume of 1,582,558 shares, compared to its average volume of 836,917. PVH Corp. has a 1-year low of $89.56 and a 1-year high of $141.15. The business has a fifty day moving average of $100.14 and a 200 day moving average of $103.03. The company has a market capitalization of $6.29 billion, a PE ratio of 8.86, a P/E/G 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.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the previous year, the company posted $2.90 earnings per share. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities analysts forecast that PVH Corp. will post 11.75 EPS for the current year.

PVH Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PVH shares. Bank of America lowered PVH from a "buy" rating to a "neutral" rating and dropped their target price for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group reissued an "outperform" rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, November 27th. StockNews.com cut PVH from a "strong-buy" rating to a "buy" rating in a report on Friday, August 16th. Morgan Stanley dropped their price objective on 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, Wells Fargo & Company lowered their target price on PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.53.

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.