Neuberger Berman Group LLC Invests $249,000 in PVH Corp. $PVH

Neuberger Berman Group LLC acquired a new position in shares of PVH Corp. (NYSE:PVH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,628 shares of the textile maker’s stock, valued at approximately $249,000.

Several other institutional investors have also added to or reduced their stakes in PVH. Avantax Advisory Services Inc. increased its holdings in PVH by 5.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,855 shares of the textile maker’s stock worth $249,000 after purchasing an additional 207 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of PVH by 63.5% during the first quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker’s stock worth $418,000 after buying an additional 2,511 shares during the period. LPL Financial LLC grew its holdings in shares of PVH by 321.0% during the first quarter. LPL Financial LLC now owns 23,454 shares of the textile maker’s stock worth $1,516,000 after buying an additional 17,883 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of PVH by 2.1% during the first quarter. Federated Hermes Inc. now owns 257,946 shares of the textile maker’s stock worth $16,674,000 after buying an additional 5,268 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in PVH in the 1st quarter valued at approximately $205,000. 97.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of PVH from $83.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. 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 for the company. Morgan Stanley lifted their price target on shares of PVH from $64.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. UBS Group reissued a “buy” rating and set a $148.00 price target on shares of PVH in a research report on Tuesday. Finally, Jefferies Financial Group restated a “buy” rating on shares of PVH in a report on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $95.44.

PVH Stock Performance

Shares of PVH stock opened at $84.76 on Friday. The company has a fifty day moving average price of $81.22 and a two-hundred day moving average price of $78.03. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The stock has a market cap of $4.08 billion, a P/E ratio of 9.50, a P/E/G ratio of 2.54 and a beta of 1.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63.

PVH Announces Dividend

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

About PVH

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.