The position of PVH Corp. (NYSE:PVH) increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its holdings in PVH Corp. (NYSE:PVH – Free Report) by 63.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 37,409 shares of the textile maker’s stock after purchasing an additional 14,541 shares during the period. Holdings of Crossmark Global Holdings Inc. in PVH were worth $3,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PVH. New Covenant Trust Company NA purchased a new stake in PVH in the 1st quarter worth about $26,000. Global Retirement Partners LLC boosted its holdings in shares of PVH by 93.5% in the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Headlands Technologies LLC purchased a new position in PVH during the first quarter valued at approximately $36,000. Riverview Trust Co bought a new position in PVH in the first quarter worth $36,000. Finally, Allspring Global Investments Holdings LLC grew its position in PVH by 2,600.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after purchasing an additional 260 shares during the period. 97.25% of shares are owned by institutional investors and hedge funds.

Analysts on Wall Street are forecasting an increase

PVH has been the subject of several analyst reports. Wells Fargo & Company reduced their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Bank of America cut their price target on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday. Telsey Advisory Group dropped their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Goldman Sachs Group cut their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Moderate Buy” and an average target price of $128.50, according to MarketBeat .

See our latest research report on PVH

PVH price performance

Shares of PVH opened at $98.78 on Friday. PVH Corp. it has a 52-week low of $69.27 and a 52-week high of $141.15. The company has a current ratio of 1.55, a quick ratio of 0.83, and a debt-to-equity ratio of 0.42. The stock has a market cap of $5.52 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 0.77 and a beta of 2.14. The company’s 50-day moving average price is $101.84, and its two-hundred-day moving average price is $114.33.

PVH (NYSE:PVH – Get Your Free Report ) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 7.53% and a return on equity of 13.14%. The company’s revenue for the quarter was down 6.0% year over year. During the same period in the previous year, the firm earned $1.98 EPS. As a group, sell-side analysts anticipate that PVH Corp. will post 11.23 EPS for the current fiscal year.

PVH announces dividends

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.0375 dividend. This represents a dividend of $0.15 on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Wednesday, September 4. PVH’s payout rate is 1.33%.

PVC profile

(Free report)

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through the Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International and Heritage Brands Wholesale segments. Designs and markets branded men’s, women’s and children’s clothing, 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, non-ophthalmic eyeglasses and sunglasses, denim clothing, performance clothing, underwear, dress shirts, handbags, perfume, small leather goods and other related products; and men’s and boys’ tailored clothing, quilts, pillows, pillowcases and mattress toppers, and feather beds.

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