27,550 Shares in PVH Corp. (NYSE:PVH) Purchased by Conscious Wealth Investments LLC

Conscious Wealth Investments LLC purchased a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,550 shares of the textile maker's stock, valued at approximately $2,559,000.

Other hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of PVH in the 2nd quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new position in PVH in the first quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of PVH during the 1st quarter worth about $36,000. Daiwa Securities Group Inc. bought a new stake in shares of PVH in the 1st quarter valued at about $42,000. Finally, ORG Partners LLC bought a new stake in shares of PVH in the 2nd quarter valued at about $42,000. Institutional investors own 97.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PVH. Morgan Stanley decreased their price objective 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. TD Cowen decreased their price target on shares of PVH from $149.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Barclays dropped 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. StockNews.com cut PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group dropped their price target on PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Five research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.87.

PVH Stock Down 0.1 %

PVH traded down $0.05 during trading hours on Friday, hitting $93.26. 541,844 shares of the company's stock were exchanged, compared to its average volume of 850,133. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.87 and a beta of 2.11. PVH Corp. has a 1-year low of $71.32 and a 1-year high of $141.15. The stock's 50-day moving average is $97.48 and its two-hundred day moving average is $104.66. 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 announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.07 billion. During the same quarter last year, the company earned $1.98 EPS. PVH's revenue for the quarter was down 6.0% compared to the same quarter last year. Sell-side analysts predict that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH's payout ratio is presently 1.33%.

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.