UBS Group AG Boosts Position in PVH Corp (NYSE:PVH)
UBS Group AG boosted its holdings in PVH Corp (NYSE:PVH) by 16.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 136,347 shares of the textile maker’s stock after buying an additional 19,285 shares during the period. UBS Group AG owned approximately 0.19% of PVH worth $5,132,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Procyon Private Wealth Partners LLC purchased a new position in PVH in the fourth quarter valued at approximately $30,000. Whittier Trust Co. raised its holdings in PVH by 145.6% in the fourth quarter. Whittier Trust Co. now owns 506 shares of the textile maker’s stock valued at $53,000 after buying an additional 300 shares during the period. Signaturefd LLC raised its holdings in PVH by 527.8% in the first quarter. Signaturefd LLC now owns 678 shares of the textile maker’s stock valued at $26,000 after buying an additional 570 shares during the period. Wealth Quarterback LLC purchased a new position in PVH in the fourth quarter valued at approximately $72,000. Finally, Vestcor Investment Management Corp purchased a new position in PVH in the fourth quarter valued at approximately $135,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.
Several research firms recently commented on PVH. UBS Group cut their price target on shares of PVH from $117.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Telsey Advisory Group dropped their price objective on shares of PVH from $115.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 2nd. Barclays reiterated a “hold” rating and set a $40.00 price objective on shares of PVH in a research note on Monday, April 6th. Wells Fargo & Co dropped their price objective on shares of PVH from $81.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Finally, Piper Sandler dropped their price objective on shares of PVH from $63.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $75.33.
PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, April 1st. The textile maker reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.07. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.46 billion. PVH had a net margin of 4.21% and a return on equity of 12.14%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, research analysts predict that PVH Corp will post 3.1 EPS for the current 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, 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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