PVH Corp. (NYSE:PVH) Shares Purchased by Olympiad Research LP

Olympiad Research LP grew its position in shares of PVH Corp. (NYSE:PVH) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,405 shares of the textile maker’s stock after acquiring an additional 262 shares during the quarter. Olympiad Research LP’s holdings in PVH were worth $242,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Pzena Investment Management LLC increased its position in PVH by 5.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after purchasing an additional 284,269 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of PVH by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after acquiring an additional 55,293 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after purchasing an additional 296,040 shares during the period. Pacer Advisors Inc. raised its position in PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after purchasing an additional 1,213,069 shares during the period. Finally, LSV Asset Management boosted its position in shares of PVH by 15.7% in the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after buying an additional 124,309 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Barclays cut their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group dropped their target price on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company dropped their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Trading Down 1.1 %

PVH stock opened at $104.23 on Friday. PVH Corp. has a 1 year low of $74.81 and a 1 year high of $141.15. The firm’s 50-day moving average is $97.27 and its 200-day moving average is $104.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a market cap of $5.82 billion, a P/E ratio of 8.27, a PEG ratio of 0.93 and a beta of 2.11.

PVH (NYSE:PVH) last issued its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates 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%. PVH’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 earnings per share. On average, equities analysts expect that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.19%.

PVH 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.