LSV Asset Management Buys 124,309 Shares of PVH Corp. (NYSE:PVH)

LSV Asset Management lifted its stake in PVH Corp. (NYSE:PVH) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 916,002 shares of the textile maker’s stock after buying an additional 124,309 shares during the period. LSV Asset Management owned approximately 1.64% of PVH worth $96,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in PVH in the 1st quarter worth approximately $26,000. Global Retirement Partners LLC increased its stake in shares of PVH by 93.5% in the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock worth $33,000 after buying an additional 115 shares during the period. Riverview Trust Co bought a new stake in PVH during the 1st quarter valued at $36,000. Headlands Technologies LLC bought a new stake in PVH during the 1st quarter valued at $36,000. Finally, Daiwa Securities Group Inc. purchased a new stake in PVH during the 1st quarter valued at $42,000. Institutional investors own 97.25% of the company’s stock.

PVH Stock Down 1.9 %

NYSE:PVH opened at $94.96 on Monday. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a market capitalization of $5.30 billion, a PE ratio of 8.40, a P/E/G ratio of 0.73 and a beta of 2.12. The firm’s 50-day moving average price is $100.54 and its 200-day moving average price is $112.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

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

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date is Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is 1.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PVH. Barclays lowered their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Evercore ISI upped their price target on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group decreased their target price on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Morgan Stanley dropped their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.40.

About PVH

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.