Alexander Randolph Advisory Inc. Has $2.26 Million Holdings in PVH Corp. (NYSE:PVH)

Alexander Randolph Advisory Inc. lessened its position in shares of PVH Corp. (NYSE:PVH) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,354 shares of the textile maker’s stock after selling 240 shares during the quarter. PVH accounts for approximately 2.1% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 15th largest holding. Alexander Randolph Advisory Inc.’s holdings in PVH were worth $2,261,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PVH. Natixis Advisors L.P. grew its holdings in shares of PVH by 5.3% during the 4th quarter. Natixis Advisors L.P. now owns 13,927 shares of the textile maker’s stock worth $1,700,000 after purchasing an additional 698 shares in the last quarter. Jump Financial LLC acquired a new stake in PVH in the 4th quarter valued at $486,000. Forum Financial Management LP acquired a new stake in PVH in the 4th quarter valued at $238,000. Vanguard Personalized Indexing Management LLC boosted its stake in PVH by 84.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,547 shares of the textile maker’s stock valued at $1,166,000 after buying an additional 4,385 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in PVH in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Up 0.1 %

NYSE:PVH opened at $93.09 on Thursday. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The business’s 50-day moving average price is $99.91 and its two-hundred day moving average price is $112.24. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.73 and a beta of 2.12.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share. On average, equities analysts expect that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s payout ratio is presently 1.33%.

Wall Street Analyst Weigh In

Several analysts recently commented on PVH shares. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group decreased their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Evercore ISI boosted their price objective on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Morgan Stanley reduced their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. Finally, Wedbush reissued an “outperform” rating and issued a $128.00 price objective on shares of PVH in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.40.

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.