Erste Asset Management GmbH Makes New Investment in PVH Corp. (NYSE:PVH)

Erste Asset Management GmbH purchased a new stake in shares of PVH Corp. (NYSE:PVH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 19,882 shares of the textile maker’s stock, valued at approximately $1,997,000.

Several other large investors have also made changes to their positions in PVH. DekaBank Deutsche Girozentrale bought a new position in PVH during the first quarter valued at about $552,000. Voisard Asset Management Group Inc. bought a new position in shares of PVH in the 2nd quarter valued at approximately $48,000. Wealth Enhancement Advisory Services LLC lifted its holdings in PVH by 5.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker’s stock worth $506,000 after purchasing an additional 261 shares during the last quarter. ORG Partners LLC bought a new stake in PVH during the second quarter worth approximately $42,000. Finally, Narus Financial Partners LLC acquired a new position in PVH during the second quarter valued at approximately $296,000. Institutional investors own 97.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective 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. BMO Capital Markets decreased their price target on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research note on Wednesday, November 27th. TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Guggenheim dropped their price target on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and an average price target of $126.53.

PVH Price Performance

Shares of PVH stock opened at $111.62 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The stock’s fifty day simple moving average is $99.83 and its 200 day simple moving average is $103.05. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.00 and a beta of 2.10.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s payout ratio is 1.19%.

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.