PVH Corp (PVH) Position Raised by Avitas Wealth Management LLC

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Avitas Wealth Management LLC boosted its holdings in PVH Corp (NYSE:PVH) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,063 shares of the textile maker’s stock after acquiring an additional 596 shares during the period. Avitas Wealth Management LLC’s holdings in PVH were worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PVH. JPMorgan Chase & Co. boosted its stake in shares of PVH by 54.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock worth $964,158,000 after purchasing an additional 2,356,377 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of PVH during the 3rd quarter worth about $110,677,000. FMR LLC boosted its stake in shares of PVH by 9.1% during the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock worth $1,029,292,000 after purchasing an additional 575,989 shares during the last quarter. Millennium Management LLC boosted its stake in shares of PVH by 118.4% during the 2nd quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock worth $140,189,000 after purchasing an additional 507,641 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of PVH by 84.6% during the 3rd quarter. AQR Capital Management LLC now owns 777,222 shares of the textile maker’s stock worth $112,231,000 after purchasing an additional 356,158 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

PVH stock opened at $98.94 on Friday. PVH Corp has a twelve month low of $86.46 and a twelve month high of $169.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. The company has a market cap of $7.11 billion, a PE ratio of 12.46, a P/E/G ratio of 0.79 and a beta of 1.00.

PVH (NYSE:PVH) last released its quarterly earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.07. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.02 earnings per share. On average, analysts anticipate that PVH Corp will post 9.36 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Tuesday, November 27th. PVH’s dividend payout ratio is presently 1.89%.

PVH has been the topic of several recent analyst reports. DA Davidson increased their price objective on shares of PVH to $134.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Buckingham Research cut their price target on shares of PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, October 22nd. Barclays cut their price target on shares of PVH from $178.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday, December 3rd. Finally, Credit Suisse Group cut their price target on shares of PVH from $185.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. PVH presently has an average rating of “Buy” and an average price target of $150.19.

In other PVH news, CEO Emanuel Chirico acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was purchased at an average price of $95.51 per share, with a total value of $955,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig W. Rydin acquired 1,050 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was acquired at an average cost of $94.09 per share, with a total value of $98,794.50. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

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PVH Company Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men’s and women’s apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

Read More: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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