PVH Corp. $PVH Shares Acquired by LSV Asset Management

LSV Asset Management boosted its stake in shares of PVH Corp. (NYSE:PVH) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,127,646 shares of the textile maker’s stock after purchasing an additional 164,343 shares during the quarter. LSV Asset Management’s holdings in PVH were worth $142,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Central Pacific Bank Trust Division boosted its position in PVH by 9.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 170 shares during the period. Osaic Holdings Inc. boosted its position in PVH by 12.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 184 shares during the period. Assetmark Inc. boosted its position in PVH by 22.5% during the 4th quarter. Assetmark Inc. now owns 1,568 shares of the textile maker’s stock valued at $105,000 after purchasing an additional 288 shares during the period. Danske Bank A S acquired a new position in PVH during the 3rd quarter valued at approximately $25,000. Finally, DAVENPORT & Co LLC raised its stake in PVH by 5.9% during the 4th quarter. DAVENPORT & Co LLC now owns 5,696 shares of the textile maker’s stock valued at $382,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Up 2.5%

Shares of PVH stock opened at $88.90 on Friday. The business’s fifty day moving average price is $80.98 and its two-hundred day moving average price is $74.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85. The company has a market capitalization of $4.07 billion, a P/E ratio of 233.95, a PEG ratio of 0.96 and a beta of 1.73. PVH Corp. has a 1-year low of $59.60 and a 1-year high of $100.15.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the business earned $3.27 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts forecast that PVH Corp. will post 12.01 EPS for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. PVH’s payout ratio is currently 39.47%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PVH. Weiss Ratings raised PVH from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $74.00 target price on shares of PVH in a research note on Wednesday, April 1st. The Goldman Sachs Group lifted their target price on PVH from $83.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Needham & Company LLC lifted their target price on PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PVH presently has an average rating of “Hold” and a consensus price target of $88.93.

PVH Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.