Swedbank AB Invests $17.54 Million in PVH Corp. (NYSE:PVH)

Swedbank AB acquired a new stake in PVH Corp. (NYSE:PVH - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 173,974 shares of the textile maker's stock, valued at approximately $17,542,000. Swedbank AB owned 0.31% of PVH at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blair William & Co. IL grew its position in PVH by 2.9% in the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker's stock valued at $466,000 after acquiring an additional 92 shares during the period. State of Michigan Retirement System grew its holdings in shares of PVH by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker's stock worth $2,053,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC lifted its holdings 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 purchasing an additional 107 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings 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 purchasing an additional 108 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in PVH by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker's stock worth $1,202,000 after buying an additional 141 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Up 0.9 %

NYSE PVH traded up $0.94 on Friday, reaching $101.03. The company had a trading volume of 541,694 shares, compared to its average volume of 858,099. 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 Corp. has a 52 week low of $71.32 and a 52 week high of $141.15. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.88 and a beta of 2.11. The stock's 50 day moving average is $97.66 and its 200-day moving average is $105.46.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company posted $1.98 EPS. PVH's revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts predict that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date was Wednesday, September 4th. PVH's payout ratio is presently 1.33%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PVH shares. Wells Fargo & Company reduced 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. Morgan Stanley lowered their target price 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. The Goldman Sachs Group reduced their price target on shares of PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. StockNews.com cut shares of PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. Finally, Bank of America lowered shares of PVH from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $128.87.

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.