Thrivent Financial for Lutherans lifted its stake in PVH Corp (NYSE:PVH) by 158.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,727 shares of the textile maker’s stock after purchasing an additional 5,348 shares during the quarter. Thrivent Financial for Lutherans’ holdings in PVH were worth $328,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PVH. Signaturefd LLC raised its holdings in PVH by 527.8% during the 1st quarter. Signaturefd LLC now owns 678 shares of the textile maker’s stock valued at $26,000 after buying an additional 570 shares during the period. Procyon Private Wealth Partners LLC purchased a new stake in shares of PVH in the fourth quarter valued at $30,000. Pearl River Capital LLC purchased a new stake in shares of PVH in the first quarter valued at $39,000. Wealth Quarterback LLC bought a new stake in shares of PVH in the 4th quarter worth about $72,000. Finally, AGF Investments Inc. purchased a new position in shares of PVH during the 1st quarter worth about $86,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.
PVH opened at $48.67 on Wednesday. PVH Corp has a 52-week low of $28.40 and a 52-week high of $108.06. The company has a quick ratio of 0.70, a current ratio of 1.37 and a debt-to-equity ratio of 0.96. The company has a market cap of $3.17 billion, a P/E ratio of -4.47 and a beta of 2.02. The firm’s 50-day moving average price is $48.35 and its 200-day moving average price is $66.64.
PVH (NYSE:PVH) last released its earnings results on Thursday, June 11th. The textile maker reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($1.81) by ($1.22). PVH had a positive return on equity of 5.56% and a negative net margin of 8.56%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $2.46 earnings per share. The firm’s revenue for the quarter was down 43.0% on a year-over-year basis. On average, research analysts anticipate that PVH Corp will post -3 EPS for the current fiscal year.
Several research analysts have issued reports on the company. Wells Fargo & Co restated a “hold” rating on shares of PVH in a research report on Friday, June 12th. TheStreet downgraded PVH from a “c-” rating to a “d” rating in a research report on Thursday, June 11th. ValuEngine upgraded shares of PVH from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. UBS Group decreased their price target on shares of PVH from $117.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Telsey Advisory Group reissued a “buy” rating and set a $60.00 price target on shares of PVH in a research report on Monday, June 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $74.05.
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, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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