Strs Ohio raised its stake in PVH Corp (NYSE:PVH) by 188.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 61,502 shares of the textile maker’s stock after purchasing an additional 40,197 shares during the quarter. Strs Ohio’s holdings in PVH were worth $8,880,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Martingale Asset Management L P lifted its position in PVH by 225.2% in the second quarter. Martingale Asset Management L P now owns 8,811 shares of the textile maker’s stock valued at $1,320,000 after purchasing an additional 6,102 shares during the last quarter. Millennium Management LLC raised its holdings in PVH by 118.4% during the 2nd quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock valued at $140,189,000 after buying an additional 507,641 shares during the last quarter. Globeflex Capital L P raised its holdings in PVH by 28.7% during the 2nd quarter. Globeflex Capital L P now owns 6,663 shares of the textile maker’s stock valued at $998,000 after buying an additional 1,484 shares during the last quarter. California Public Employees Retirement System raised its holdings in PVH by 4.1% during the 2nd quarter. California Public Employees Retirement System now owns 195,194 shares of the textile maker’s stock valued at $29,224,000 after buying an additional 7,714 shares during the last quarter. Finally, Exane Asset Management bought a new stake in PVH during the 2nd quarter valued at $224,000. Hedge funds and other institutional investors own 95.64% of the company’s stock.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of PVH from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Monday. ValuEngine downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Barclays set a $178.00 price objective on shares of PVH and gave the company a “buy” rating in a research note on Thursday, October 18th. DA Davidson started coverage on PVH in a research report on Tuesday, September 25th. They set a “buy” rating and a $167.00 price target for the company. Finally, Deutsche Bank upped their price target on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $170.30.
PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.09. PVH had a net margin of 7.28% and a return on equity of 13.07%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. PVH’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that PVH Corp will post 9.27 earnings per share for the current fiscal year.
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, eyewear and 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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