Alyeska Investment Group L.P. Takes $6.62 Million Position in PVH Corp. $PVH

Alyeska Investment Group L.P. purchased a new position in shares of PVH Corp. (NYSE:PVH - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 89,155 shares of the textile maker's stock, valued at approximately $6,621,000. Alyeska Investment Group L.P. owned 0.19% of PVH at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PVH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PVH by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker's stock valued at $1,612,000 after purchasing an additional 5,240 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of PVH by 79.8% in the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker's stock valued at $35,778,000 after purchasing an additional 245,740 shares during the period. Caxton Associates LLP acquired a new position in shares of PVH in the first quarter valued at approximately $226,000. United Services Automobile Association acquired a new position in shares of PVH in the first quarter valued at approximately $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in PVH by 9.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker's stock worth $22,873,000 after buying an additional 30,077 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PVH. The Goldman Sachs Group reduced their price objective on PVH from $93.00 to $87.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. Evercore set a $79.00 price target on PVH and gave the stock an "in-line" rating in a report on Thursday, June 4th. Bank of America restated an "underperform" rating and set a $70.00 price target (down from $90.00) on shares of PVH in a report on Thursday, June 25th. Wells Fargo & Company decreased their price objective on PVH from $85.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday, June 5th. Finally, Weiss Ratings downgraded PVH from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $86.82.

PVH Price Performance

PVH stock opened at $72.86 on Wednesday. The business has a 50 day moving average price of $79.47 and a 200 day moving average price of $79.10. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.09 and a beta of 1.72. PVH Corp. has a fifty-two week low of $59.60 and a fifty-two week high of $100.75. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The textile maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.80 by $0.21. PVH had a net margin of 1.76% and a return on equity of 10.87%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $2.30 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that PVH Corp. will post 12.01 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH's dividend payout ratio is currently 4.75%.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

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