Neuberger Berman Group LLC Purchases Shares of 3,628 PVH Corp. $PVH

Neuberger Berman Group LLC acquired a new stake in PVH Corp. (NYSE:PVH) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,628 shares of the textile maker’s stock, valued at approximately $249,000.

A number of other hedge funds also recently modified their holdings of PVH. Comerica Bank grew its stake in PVH by 0.7% in the 1st quarter. Comerica Bank now owns 24,728 shares of the textile maker’s stock valued at $1,598,000 after buying an additional 180 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of PVH by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker’s stock worth $3,263,000 after acquiring an additional 180 shares during the period. Smartleaf Asset Management LLC grew its position in shares of PVH by 30.0% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 185 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of PVH by 9.9% during the second quarter. Central Pacific Bank Trust Division now owns 2,110 shares of the textile maker’s stock worth $145,000 after purchasing an additional 190 shares during the period. Finally, First Hawaiian Bank lifted its holdings in PVH by 4.0% during the 1st quarter. First Hawaiian Bank now owns 5,386 shares of the textile maker’s stock worth $348,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PVH. Wells Fargo & Company increased their price objective on PVH from $80.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Morgan Stanley raised their price target on shares of PVH from $64.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Telsey Advisory Group restated an “outperform” rating and set a $95.00 target price on shares of PVH in a research report on Wednesday, November 19th. Finally, BTIG Research initiated coverage on shares of PVH in a report on Tuesday, October 14th. They set a “buy” rating and a $100.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average target price of $95.44.

PVH Trading Up 0.7%

PVH opened at $84.76 on Friday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 2.54 and a beta of 1.89. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47. The company has a 50-day simple moving average of $81.22 and a 200 day simple moving average of $78.03.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 26th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 1.68%.

PVH Company 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.