Meridian Wealth Management LLC cut its holdings in PVH Corp (NYSE:PVH) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,884 shares of the textile maker’s stock after selling 142 shares during the period. Meridian Wealth Management LLC’s holdings in PVH were worth $273,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of PVH. Pzena Investment Management LLC acquired a new stake in shares of PVH during the 1st quarter worth $237,285,000. FMR LLC increased its holdings in shares of PVH by 13.9% during the 1st quarter. FMR LLC now owns 7,692,951 shares of the textile maker’s stock worth $938,155,000 after buying an additional 936,855 shares during the last quarter. Norges Bank acquired a new stake in shares of PVH during the 4th quarter worth $76,331,000. Deutsche Bank AG increased its holdings in shares of PVH by 175.6% during the 4th quarter. Deutsche Bank AG now owns 836,414 shares of the textile maker’s stock worth $77,739,000 after buying an additional 532,927 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in shares of PVH by 372.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 618,887 shares of the textile maker’s stock worth $75,472,000 after buying an additional 487,939 shares during the last quarter. Institutional investors own 94.34% of the company’s stock.
PVH stock traded down $0.56 during trading on Wednesday, reaching $88.52. 7,898 shares of the company’s stock were exchanged, compared to its average volume of 1,234,872. The business’s 50-day simple moving average is $90.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 1.47. PVH Corp has a 52-week low of $82.51 and a 52-week high of $157.63. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.72 and a beta of 1.41.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded First Merchants from a “hold” rating to a “sell” rating in a report on Monday, July 1st. Telsey Advisory Group restated an “outperform” rating and set a $119.00 price objective (down from $155.00) on shares of PVH in a report on Thursday, May 30th. Nomura dropped their price objective on GAP from $22.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Citigroup set a $27.00 price objective on StoneCo and gave the stock a “hold” rating in a report on Friday, May 31st. Finally, Guggenheim reaffirmed a “buy” rating and set a $150.00 price target on shares of PVH in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. PVH has a consensus rating of “Buy” and a consensus price target of $125.32.
In other news, Director Henry Nasella acquired 1,200 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was bought at an average cost of $82.84 per share, with a total value of $99,408.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
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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