International Assets Investment Management LLC Raises Holdings in PVH Corp. (NYSE:PVH)

International Assets Investment Management LLC lifted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 11,921.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,251 shares of the textile maker's stock after acquiring an additional 6,199 shares during the period. International Assets Investment Management LLC's holdings in PVH were worth $630,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in PVH by 321.8% in the 1st quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker's stock worth $5,624,000 after purchasing an additional 30,513 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in PVH in the 1st quarter valued at $52,000. Daiwa Securities Group Inc. bought a new position in shares of PVH in the 1st quarter valued at about $42,000. Central Pacific Bank Trust Division acquired a new stake in shares of PVH in the first quarter valued at about $138,000. Finally, Quantbot Technologies LP acquired a new position in shares of PVH during the 1st quarter worth about $3,869,000. 97.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on PVH shares. TD Cowen dropped their price objective on shares of PVH from $149.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. StockNews.com downgraded shares of PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. BMO Capital Markets decreased their target price on PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research note on Wednesday, August 28th. Morgan Stanley decreased 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, Telsey Advisory Group lowered their target price on PVH from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $126.53.

PVH Price Performance

PVH stock traded up $2.25 during trading on Wednesday, reaching $102.25. The company's stock had a trading volume of 914,721 shares, compared to its average volume of 847,252. 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 1 year low of $74.81 and a 1 year high of $141.15. The company's fifty day moving average is $96.90 and its 200-day moving average is $104.27. The company has a market capitalization of $5.71 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 0.91 and a beta of 2.11.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS 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 for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company posted $1.98 EPS. PVH's quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts expect that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

PVH Company 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.