PVH Corp. (NYSE:PVH) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PVH Corp. (NYSE:PVH - Free Report) by 19.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,700 shares of the textile maker's stock after purchasing an additional 52,735 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.57% of PVH worth $32,336,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PVH. Altshuler Shaham Ltd acquired a new stake in PVH in the second quarter valued at $25,000. Venturi Wealth Management LLC increased its holdings in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of PVH during the 2nd quarter worth about $42,000. Covestor Ltd lifted its stake in PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after purchasing an additional 295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in 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 in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Performance

PVH stock traded down $4.00 during trading hours on Thursday, reaching $108.86. 2,143,167 shares of the stock were exchanged, compared to its average volume of 842,671. The stock has a market cap of $6.08 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.00 and a beta of 2.10. The firm's 50 day moving average is $100.50 and its 200 day moving average is $103.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH Corp. has a 52-week low of $89.56 and a 52-week high of $141.15.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating 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 firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm earned $2.90 earnings per share. The firm's revenue was down 4.6% compared to the same quarter last year. Analysts predict that PVH Corp. will post 11.75 EPS for the current fiscal 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. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH's payout ratio is 1.22%.

Analysts Set New Price Targets

A number of research firms have weighed in on PVH. Morgan Stanley cut their price objective on shares of PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Friday, September 6th. BMO Capital Markets reduced their price target on shares of PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research report on Wednesday, August 28th. StockNews.com downgraded shares of PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. Bank of America cut PVH from a "buy" rating to a "neutral" rating and cut their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $130.00 target price on shares of PVH in a research report on Wednesday. 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, the stock currently has an average rating of "Moderate Buy" and an average 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.