New Covenant Trust Company N.A. Purchases Shares of 182 PVH Corp. (NYSE:PVH)

New Covenant Trust Company N.A. purchased a new stake in shares of PVH Corp. (NYSE:PVH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 182 shares of the textile maker’s stock, valued at approximately $26,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of PVH by 45.9% in the 4th quarter. SG Americas Securities LLC now owns 3,362 shares of the textile maker’s stock worth $411,000 after purchasing an additional 1,058 shares during the period. Raymond James & Associates boosted its holdings in PVH by 5.3% during the 4th quarter. Raymond James & Associates now owns 5,261 shares of the textile maker’s stock valued at $642,000 after acquiring an additional 265 shares during the period. Pacer Advisors Inc. boosted its holdings in PVH by 72.4% during the 4th quarter. Pacer Advisors Inc. now owns 9,076 shares of the textile maker’s stock valued at $1,108,000 after acquiring an additional 3,813 shares during the period. International Assets Investment Management LLC boosted its holdings in PVH by 10,839.9% during the 4th quarter. International Assets Investment Management LLC now owns 36,758 shares of the textile maker’s stock valued at $4,489,000 after acquiring an additional 36,422 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 260 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Down 4.3 %

NYSE:PVH traded down $4.28 during mid-day trading on Friday, hitting $94.80. 822,603 shares of the company’s stock traded hands, compared to its average volume of 897,624. The company has a fifty day moving average of $109.48 and a 200 day moving average of $117.70. PVH Corp. has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a market capitalization of $5.30 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.79 and a beta of 2.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 1.55.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.31. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 EPS. On average, analysts forecast that PVH Corp. will post 11.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wedbush restated an “outperform” rating and set a $128.00 price objective on shares of PVH in a report on Wednesday, June 5th. Wells Fargo & Company boosted their price objective on PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Bank of America lifted their target price on PVH from $122.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Jefferies Financial Group began coverage on PVH in a research report on Tuesday, April 30th. They set a “hold” rating and a $115.00 target price for the company. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.50.

PVH 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.