Victory Capital Management Inc. lessened its holdings in shares of PVH Corp (NYSE:PVH) by 12.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 296,446 shares of the textile maker’s stock after selling 42,352 shares during the quarter. Victory Capital Management Inc. owned about 0.39% of PVH worth $42,807,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Wedge Capital Management L L P NC raised its stake in shares of PVH by 36.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 7,124 shares of the textile maker’s stock worth $1,029,000 after buying an additional 1,916 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in shares of PVH in the 3rd quarter worth $2,520,000. Emerald Advisers Inc. PA raised its stake in shares of PVH by 146.5% in the 3rd quarter. Emerald Advisers Inc. PA now owns 12,927 shares of the textile maker’s stock worth $1,867,000 after buying an additional 7,683 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of PVH in the 3rd quarter worth $1,365,000. Finally, GWM Advisors LLC raised its stake in shares of PVH by 9.7% in the 3rd quarter. GWM Advisors LLC now owns 9,313 shares of the textile maker’s stock worth $1,345,000 after buying an additional 823 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.
Shares of PVH stock opened at $121.41 on Friday. The firm has a market cap of $9.53 billion, a PE ratio of 15.29, a P/E/G ratio of 1.06 and a beta of 0.92. The company has a current ratio of 1.72, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. PVH Corp has a 12-month low of $116.52 and a 12-month high of $169.22.
PVH (NYSE:PVH) last announced its earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. PVH’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 earnings per share. Equities research analysts predict that PVH Corp will post 9.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH’s dividend payout ratio is 1.89%.
PVH has been the topic of a number of research reports. Telsey Advisory Group reissued an “outperform” rating on shares of PVH in a research note on Thursday, August 30th. Zacks Investment Research downgraded PVH from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. ValuEngine downgraded PVH from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Barclays set a $178.00 target price on PVH and gave the stock a “buy” rating in a research report on Thursday, October 18th. Finally, Buckingham Research cut their target price on PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, October 17th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $169.30.
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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, eyewear and 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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